The Alberta Government announced the launch of the Alberta Petrochemicals Incentive Program (APIP) as part of Alberta's Recovery Plan and vision to turn the province into a top global producer of petrochemicals. APIP provides grants to companies to attract investment in new or expanded market-driven petrochemical facilities.
To be eligible, projects must:
- be physically located in Alberta
- capital investment must be at least (CAD) $50 million
- the facility must use natural gas, natural gas liquids, or petrochemical intermediaries in the manufacturing of its own products
- project must create permanent jobs in Alberta