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ARTICLE · 17 JULY 2020

Alberta Petrochemicals Incentive Program

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On July 9, 2020, the Alberta government announced the Alberta Petrochemicals Incentive Program. As part of Alberta's Recovery Plan, the Program represents a significant effort to...

CanadaEnergy and Natural Resources

On July 9, 2020, the Alberta government announced the Alberta Petrochemicals Incentive Program. As part of Alberta's Recovery Plan, the Program represents a significant effort to enhance the competitiveness of Alberta and attract investment into the province's petrochemical sector. Such investment aims to promote job creation, infrastructure development, and the diversification of Alberta's economy.

Program Details

The Program is designed to offer enhanced certainty and flexibility to investors. Key features of the Program include: 

  • Ten-year grant program during which time eligible projects (new or expanded petrochemical facilities) must be built and operational. 
  • No picking winners and losers: All projects that meet eligibility criteria will receive funding once built and operational. 

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