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ARTICLE · 21 MARCH 2018

Alberta Petrochemical Industries To Receive Additional Support

Dentons Canada LLP
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The PDP was originally launched in February 2016 as part of the Government of Alberta's attempt to encourage investment in new petrochemical facilities in Alberta.

CanadaEnergy and Natural Resources
Dan Collins
Dan Collins
George Antonopoulos
George Antonopoulos
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The Alberta government recently introduced new legislation, Bill 1, the Energy Diversification Act, aimed at promoting private sector investment in upstream, midstream and downstream oil and gas sectors. If passed, the Act would require Alberta's Minister of Energy to establish programs that support "energy diversification." The new legislation would specifically require the Minister to, among other things:

  • renew the Petrochemicals Diversification Program ("PDP"), initially launched in 2016, and to expand the scope of that program to include ethane-consuming projects;
  • increase development of value-added upgrading in Alberta through a "partial upgrading program" under the Petroleum Marketing Act; and

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