The first of its kind in Canada, the Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into approximately 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic. Government funding will be provided to every project that applies and meets the criteria once they're operational, said Dale Nally, Alberta's Associate Minister of Natural Gas and Electricity.
Sara Hastings-Simon, a senior researcher at the Payne Institute at the Colorado School of Mines and a University of Calgary research fellow, said she was surprised at Nally's comments that the province wouldn't be picking winners and losers, instead leaving it up to the market.
Nally acknowledged that too many new projects could risk overheating the sector, but the government's ongoing assessment of the program will watch for that. Nally said a private evaluation program won't be used to select projects, and the program will be open year-round for the next decade with no intermittent application deadlines. But Fellows said he was disappointed the province didn't explain why an incentive program is needed to bring projects to Alberta in the first place. Head Office 3200, 215 – 2nd Street SW Calgary, Alberta, T2P 1M4 The province will monitor and assess the program throughout the next decade, and said there will be no cap on how much funding it will provide to investors. The program will run alongside the province's Petrochemicals Diversification Program, not replace it, Nally said. At Inter Pipeline we recognize the importance of properly rewarding our employees. The Alberta NDP leader criticized the government for not specifying how much it will spend on the program, arguing it creates too much risk for the public. In addition to competitive salaries, we offer a generous compensation package, including an annual bonus program and a long-term incentive plan under which each and every employee is granted a stake in the business. "And then to quibble about the details of whether or not you're picking one project over another, as long as you have criteria, that is of course a form of picking.". He said many economists, including himself, often argue against corporate welfare and subsidies, but that incurring debt now for more growth later isn't a bad strategy. Box 500 Station A Toronto, ON Canada, M5W 1E6. The Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic used in the manufacturing of a wide range of finished products. We are building Canada's first integrated propane dehydrogenation (PDH) and polypropylene (PP) complex. Delivering Attractive Employee Benefits. Inter Pipeline Ltd. says it has signed a deal to sell a major portion of its European bulk liquid storage business to the CLH Group for $715 million.THE CANADIAN PRESS/Jason Franson "That's always the risk, so that's why we committed to monitoring it throughout the 10 years," he said. Alberta is already one of the country's largest hubs for petrochemical manufacturing, and the province expects global demand to increase further, a demand the government hopes the program will capitalize on. Alberta announced a 10-year grant program on Thursday the government hopes will attract multi-billion dollar petrochemical investments. Careers at the Heartland Petrochemical Complex Print Page An opportunity as unique as you! Audience Relations, CBC P.O. "They can't even tell Albertans how much it will cost, and yet somehow they can claim to know how much investment their program will bring into the province and how many jobs it will create," Notley said. The Alberta Petrochemicals Incentive Program, launching this fall will invest in major petrochemical manufacturing projects around Alberta. If your company office is located within a one hour drive of the Heartland Petrochemical Complex, this will be noted on our local contractor vendor list. "You've identified this sector and said this is where we should provide support and that should grow," Hastings-Simon. Hastings-Simon said it's possible to do these kinds of incentive programs well and poorly, but it's problematic not to acknowledge the government's role in shaping markets and creating industries. Delivering Attractive Employee Benefits. Inter Pipeline and the prime contractor groups are always interested in knowing what local businesses and services are available around the project site. Fellows also noted there are plenty of resources in Alberta to capitalize on recent growth in the petrochemical sector. The first of its kind in Canada, the Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into approximately 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic. At Inter Pipeline we recognize the importance of properly rewarding our employees. "The onus should be generally on the province to articulate that market failure and explain why we need a petrochemical incentive program to bring investment here, why it's not coming on its own," Fellows said. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., in January. Nally said there will be significant opportunities to grow the province's petrochemical sector by more than $30 billion by 2030, a figure he said is based on historical development in the sector and industry partner forecasts. Instead of royalty credits, the program will offer grants, which Nally said is a more effective way to encourage investment, since it lets companies better account for the full value of incentive offered. If that's ignored, Hastings-Simon said, those decisions could be made in a way that isn't transparent and doesn't bring in a full perspective. The Alberta Petrochemicals Incentive Program, launching this fall, will invest in major petrochemical manufacturing projects in the province. Construction of the complex is well underway at the Strathcona County site. "Their inability to provide us with information is jaw-dropping.". The Heartland Petrochemical Complex is an approximately $4.0 billion project designed to consume approximately 22,000 b/d of locally-sourced, low-cost propane to produce approximately 525 kilotonnes per annum of polypropylene, a high-value, easily transported plastic used in the manufacturing of a wide range of finished products. We're going to revolve around theirs. In addition to competitive salaries, we offer a generous compensation package, including an annual bonus program and a long-term incentive plan under which each and every employee is granted a stake in the business. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. ", Alberta bets on infrastructure spending, corporate tax cuts to spur recovery. Nally said it's possible an annual cap will be implemented, but that hasn't been decided.
Alberta Opposition leader Rachel Notley called the program half-baked on Thursday. During an economic downturn with high unemployment, University of Calgary economist Kent Fellows said it makes sense the government would tend toward spending more right now to get people back to work. "We're going to stop asking industry to revolve around government schedule. Alberta announces new 10-year program to attract petrochemical projects, CBC's Journalistic Standards and Practices.
"We're going to let the market do that. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. According to the Chemistry Industry Association of Canada, Alberta's chemicals sector, comprised predominantly of petrochemicals, was valued at $12.1 billion and employed about 58,400 people directly and indirectly in 2019. The Heartland Petrochemical Complex is located northeast of the city of Fort Saskatchewan, in Alberta. "Our government is no longer committed to picking winners and losers," Nally said. "We don't have any hard caps in place. Hastings-Simon said having the program at all is a form of picking. But if we have to look at an annual cap, that's something that we'll do.". The PDP offers royalty credits to companies in exchange for building facilities that turn ethane, methane or propane feedstocks into products such as plastics and fabrics. Careers at Inter Pipeline's Heartland Petrochemical Complex Note: If you would like to submit a GENERAL application for employment opportunities at Inter Pipeline, please identify the role you're interested in and email your cover letter and resume to: talent@interpipeline.com (Jason Franson/The Canadian Press)