CIAC applauds $49M federal contribution to Inter Pipeline’s investment
March 07, 2019
The Chemistry Industry Association of Canada (CIAC) welcomed the announcement today that the federal government will contribute $49 million to Inter Pipeline’s polypropylene plant as part of its $3.5 billion world-scale integrated propane dehydrogenation and polypropylene plant in Alberta.
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.
Construction of the complex is scheduled for completion in late 2021. The number of direct and indirect jobs created for Canadians over the four-year construction period will top 13,000.
“Through investment supports like the Strategic Innovation Fund, Canada is sending a strong message that it is a good place for chemistry companies to make world-scale investments that will have benefits now and far into the future, creating high-quality jobs for Canadians and contributing to a strong economy,” said Bob Masterson, President and CEO of CIAC.
“We thank the federal government and Minister Navdeep Bains for the support provided to this important project through the Strategic Innovation Fund. This investment compliments the Alberta Government’s earlier investment support of a $200 million royalty credit for the PDH plant through its Petrochemicals Diversification Program (PDP).”
CIAC looks forward to further federal investment announcements in response to the Alberta Government’s second round of PDP investment supports.