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ARTICLE · 16 MARCH 2018

Updates To Energy Diversification Act Investment Programs

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As part of its second round of the Petrochemicals Diversification Program, the Alberta government will invest up to $500 million in royalty credits over four years (beginning in 2020 to 2021).

CanadaEnergy and Natural Resources

This week, the Alberta government announced additional details with respect to three primary investment programs pursuant to the proposed Energy Diversification Act.

Petrochemicals Diversification Program

As part of its second round of the Petrochemicals Diversification Program, the Alberta government will invest up to $500 million in royalty credits over four years (beginning in 2020 to 2021). The program is intended to encourage the development of value-added petrochemical manufacturing in Alberta and the second round has been expanded to accommodate proposals that include processing ethane, in addition to propane and methane.

Petrochemicals Feedstock Infrastructure Program

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