Alberta Premier Rachel Notley announced the province would provide $70 million in royalty credits to Inter Pipeline for the project
Inter Pipeline Ltd has invested in a new project in the Industrial Heartland aided by the government.
The economy in Alberta is taking a step forward to becoming more diversified thanks to an investment of up to $200 million by the NDP government.
“For decades, Albertans settled for less while new jobs and investment went south of the border. So, we’re grabbing the bull by the horns, fighting for a Made-in-Alberta plan that represents the single largest energy diversification effort since the days of Peter Lougheed,” Premier Notley said. “We’re proud to support upgrading projects like Inter Pipeline’s because they mean more good jobs and top dollar for the energy resources that belong to all Albertans.”
Inter Pipeline’s supply of propylene, a gas that results from adding value to raw propane, creates the opportunity to further leverage Alberta’s natural resource strengths and extend the value chain. By producing acrylic acid used in things like adhesives, floor polishes and paints, this project increases the likelihood of attracting investments in more manufacturing facilities in the future.
David Chappell is the senior vice-president in Petrochemical Development with Inter Pipeline Ltd.