The Government of Alberta has announced a new 10-year grant program called the Alberta Petrochemicals Incentive Program with a view to attracting more multi-billion investments in petrochemical projects.
How will the Alberta Petrochemicals Incentive Program work?
- This program will run for 10 years, during which eligible projects must be built and operational.
- Contrary to traditional grant programs, there will no selection process. Every project that meets the criteria will receive funding once built and operational.
- Additional details on the program and its guidelines will be announced this fall.
When will it launch?
This program is expected to launch in the early fall.
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