CIAC welcomes $49M federal contribution to CKPC’s investment
April 26, 2019
The Chemistry Industry Association of Canada (CIAC) welcomed the announcement today that the federal government will contribute $49 million to CIAC member Canada Kuwait Petrochemical Corporation’s (CKPC) petrochemical upgrading facility as part of its $4.5 billion world-scale investment in Sturgeon County, Alberta.
The Honourable Amarjeet Sohi, Minister of Natural Resources and Randy Boissonnault, Member of Parliament for Edmonton Centre, made the announcement in Sturgeon County, Alberta on April 26 on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. The funds are being allocated as part of the federal government’s Strategic Innovation Fund.
Both Mr. Sohi and Mr. Boissonnault will also be speaking at the CIAC conference on Responsible Care, Good Chemistry 2019 on May 1-2.
“We applaud the federal government for investment supports like the Strategic Innovation Fund. By supporting world-scale investments like CKPC’s facility, the Government of Canada is sending a strong message that it is a good place for chemistry companies to invest now and into the future to create high-quality jobs for Canadians and strengthen our economy,” said Bob Masterson, President and CEO of CIAC.
“We thank the federal government, Minister Sohi, Minister Bains and Mr. Boissonnault for the support provided to this important project through the Strategic Innovation Fund,” Mr. Masterson said.
CKPC is a joint venture between Pembina Pipeline Corporation and Kuwait’s Petrochemical Industries Company K.S.C. The complex is expected to be fully operational by mid-2023 and will process about 23,000 barrels per day of propane into polypropylene to make products such as food packaging, auto parts and electronics. At the peak of construction, more than 3,000 workers will be on site, with the project expected to create over 200 full-time operations and head office jobs upon completion.