Alberta Premier Rachel Notley announced the province would provide $70 million in royalty credits to Inter Pipeline for the project
CALGARY – Inter Pipeline Ltd. on Friday announced plans for another petrochemical project in Alberta that if built would raise the total value of proposed petrochemical facilities in the province to $12.6 billion.
“Pipeline delays and our inability to get our oil products to new markets continues to cost our province and our country millions and millions of dollars each and every day,” she said. “We refuse to accept the situation.” So far, the petrochemical program has resulted in four projects, worth a cumulative total of $12.6 billion, being announced. Two of those projects, propane-to-plastics facilities by Inter Pipeline and Pembina Pipeline Corp., have broken ground. Another project, a methane-processing facility by Nauticol Energy Ltd. was announced in October.
Inter Pipeline reached a final investment decision on its under-construction $3.5-billion propane-to-plastics facility in late 2017. The new acrylic acid facility would be located near the site of that project, and construction will begin after the first is complete.
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