Newspaper article The Canadian Press

Alberta Energy Minister Says Petrochemical Program Attracting Lots of Interest

Newspaper article The Canadian Press

Alberta Energy Minister Says Petrochemical Program Attracting Lots of Interest

Article excerpt

Royalty credits attracting interest:energy minister

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RED DEER, Alta. - Alberta Energy Minister Marg McCuaig-Boyd says a program to encourage more value-added processing in the petrochemical sector is getting a lot of interest.

The Petrochemicals Diversification Program was announced earlier this month and provides $500 million in royalty credits to the sector.

McCuaig-Boyd was in Red Deer on Tuesday and spoke to the local chamber of commerce and toured a petrochemical plant in Joffre.

She says the Joffre plant's expansion will be opened soon.

The program will focus on two types of natural gas: methane and propane, which can be used in the manufacturing of fertilizers, plastics and other products.

The government has said it expects 3,000 jobs during construction and 1,000 directly and indirectly once plants start up. …

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