Chemistry Industry Lauds Alberta’s Plan to Attract Investment, Create Petrochemical Powerhouse
July 09, 2020
The Chemistry Industry Association of Canada (CIAC) is pleased to support the Government of Alberta’s recently announced Alberta Petrochemical Incentive Program that will attract a surge of global-scale, multi-billion dollar investments in the province’s petrochemical sector, while creating jobs and leading the economy forward.
“Alberta is leading the way on economic recovery,” said Bob Masterson, President and CEO, CIAC. “The Alberta Petrochemical Incentive Program shows that the province understands how to win global-scale chemistry sector investments. In this time of uncertainty, these actions signal confidence in Alberta’s future prosperity and will attract investors to the province.”
The Alberta Government recognizes the importance and growth opportunity of a $12 billion sector that is Alberta’s largest manufacturing sector by exports and value-added. Alberta has a chance to diversify and build its economy on petrochemicals, a sector that has been resilient throughout the COVID-19 pandemic and is poised to see sustained demand continue for the foreseeable future. CIAC looks forward to working with the Alberta Government and other stakeholders to finalize program details in the coming weeks.