Petrochemicals Diversification Program

The Petrochemicals Diversification Program will encourage companies to invest in the development of new Alberta petrochemical facilities by providing up to $500 million in incentives through royalty credits. The program, announced  on
February 1, 2016, is part of the government’s continued action on the economy, helping to create jobs, attract investment and diversify Alberta’s economy. The deadline for applications was April 22, 2016.

A news release on June 6th stated the program has received 16 applications locally and from across the globe, representing more than $20 billion in potential new investment interest in Alberta’s petrochemicals industry. These applications were reviewed with a third-party monitor to ensure a fair and transparent evaluation process. Final decisions and announcements are expected in the fall of 2016.

Building on Alberta's large supply of methane and propane, the program will capitalize on the growing global demand for related higher value products and promote greater energy processing right here in Alberta.

The benefits of this program are significant to Alberta workers and their families:  between $3 billion and $5 billion worth of investment attracted to Alberta, up to 3,000 new jobs during construction of new petrochemical facilities, and more than 1,000 jobs once operation begins.

Petrochemicals Diverstification Program fact sheet

How many applications were received and when will final decisions be made?
Who do I contact if I have more questions?