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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
