The Imperial Strathcona refinery near Edmonton
Alberta’s petrochemicals advantage
Canada’s oil hub looks to the future amid a supportive geological and investment environment
Alberta could “have one of the biggest petrochemical industries in the world”, the province’s premier, Danielle Smith, told the PetroChem Canada West conference in Calgary in early April. The Canadian province has received C$30b ($22b) in applications for its Alberta Petrochemical Incentives Program (APIP), which pays up to 12% of a project’s capital costs upon completion, since the programme was announced in October 2020, she said. To date, one project has been completed under APIP, Calgary-based Inter Pipeline’s C$5b Heartland Petrochemical Complex in Alberta’s Industrial Heartland (AIH) near Edmonton, in July 2022. “The operation is the only one of its kind in North America, offering the
Also in this section
20 September 2024
A profound shift is occurring in the global refining sector, one which might help redefine Africa’s place in worldwide trade networks
20 September 2024
European oil and gas firms are taking a different approach to the transition when compared with their American cousins. The second part of the fifth chapter of our history of oil and gas examines the ocean separating IOCs
19 September 2024
Lack of competitiveness in refining sector and underbaked oil reserves threaten long-term stability
18 September 2024
In the first part of the fifth chapter of our history of oil and gas, we move the story on to the climate crisis and push for net-zero carbon emissions
