CIAC welcomes Inter Pipeline's $3.5 billion investment in Alberta
19 Dec, 2017, 10:05 ET
OTTAWA, Dec. 19, 2017 /CNW/ - The Chemistry Industry Association of Canada (CIAC) today welcomed the news that Inter Pipeline will invest $3.5 billion towards the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant in Alberta. The investment is supported by a $200 million royalty credit from the Government of Alberta's Petrochemicals Diversification Program (PDP).
Inter Pipeline is a major petroleum transportation, storage and natural gas liquids processing business based in Calgary, Alberta. Its new "Heartland Petrochemical Complex" is designed to convert locally sourced, low-cost propane into polypropylene, a high value, easy to transport plastic used in the manufacture of a wide range of finished products, including medical equipment, furniture, storage containers, ropes, roofing membranes, and more. Construction of the complex will continue in early 2018 and is scheduled for completion in late 2021.
"Investments such as this one by Inter Pipeline demonstrate a great commitment to Canada," said Bob Masterson, President and CEO of CIAC. "By building on an abundance of low carbon natural resources, a well-educated workforce and a low carbon energy grid, Canada is uniquely positioned to take advantage of the chemistry industry's continuous stream of innovations to build a safe, prosperous and sustainable economy," he continued. "We also recognize the importance of Ministers Margaret McCuaig-Boyd and Deron Bilous' support for this investment and the assistance provided by the Government of Alberta."
The Chemistry Industry Association of Canada (CIAC) is the Association for leaders in the chemistry sector in Canada; a $53 billion industry. The Association represents more than 50 members and partners across the country. Members of CIAC are signatories to Responsible Care® – the Association's UN-recognized sustainability initiative.
SOURCE Chemistry Industry Association of Canada
For further information: Erika Adams, Director of Communications, Chemistry Industry Association of Canada, [email protected], 613-237-6215, ext. 241, www.canadianchemistry.ca
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