Inter Pipeline nabs $408M provincial grant
- April 11, 2021
The integrated propane dehydrogenation and polypropylene production facility will be operational in early 2022.
"The APIP grant recognizes the significant contribution HPC has and will continue to make to the Alberta economy," says Christian Bayle, Inter Pipeline's president and CEO. "HPC's construction has created thousands of well-paid technical, manufacturing and construction jobs over its multi-year build and has been a symbol of hope during difficult economic times for the province. In total we expect that roughly $3 billion will be invested directly into materials and services provided by Alberta businesses.”
The complex is also expected to generate hundreds of permanent full-time jobs and substantial ongoing tax revenue for government.
APIP is an incentive program introduced by the Government of Alberta to attract investment into the development of petrochemical facilities in Alberta.
"The Government of Alberta is proud to see the first successful application approved through the Alberta Petrochemicals Incentive Program. Projects like this are exactly what the province needs to become a global centre of excellence in the growing petrochemical sector," said the Dale Nally, associate minister of natural gas and electricity.
Inter Pipeline says that more than 150 Alberta businesses have contributed to the construction of HPC, over the four-year construction period. The company estimates the project will have created approximately 16,000 direct and indirect full-time jobs, generated approximately $200 million of tax revenue for provincial and municipal governments and added approximately $3 billion directly to the Alberta economy before it is fully comissioned.
Once operational, Inter Pipeline anticipates HPC will create over 1,000 direct and indirect full-time jobs.
The plant will convert locally sourced, low-cost propane into 525,000 tonnes-per-year of polypropylene, a high value, easily transported and recycled, multi-use plastic used in the manufacturing of an extensive range of finished products such as packaging, textiles, automobile components, healthcare products and medical supplies.