CKPC to build $4.5B Petrochemical Facility in Sturgeon County
February 4, 2019
Sturgeon County, AB - Canada Kuwait Petrochemical Corporation (CKPC) has officially announced today that it will build a $4.5 billion (gross) petrochemical complex as a 50/50 joint venture between Canada’s Pembina Pipeline Corporation and Kuwait’s Petrochemical Industries Company K.S.C. (PIC) in Sturgeon County.
“We’ve worked very hard to reach this significant milestone which represents substantial benefits to Sturgeon County through jobs and economic diversification. Pembina and PIC are successful, leading edge companies that will provide highly skilled, educated and paid jobs with over 50,000 person-years of employment, anticipated over the life of the project.” said Mayor, Alanna Hnatiw.
We thank the province for its support of value-added processing in one of the world’s most attractive locations for chemical, petrochemical, oil, and gas investments.” commented Hnatiw.
The PDH/PP Facility will be strategically located in Alberta’s Industrial Heartland, adjacent to Pembina’s Redwater fractionation complex (“RFS”) and will consume approximately 23,000 barrels per day of local propane from RFS and other regional fractionation facilities. PP is fully recyclable and can be used in a wide range of finished products including automobiles, medical devices, food packaging and home electronic appliances, among others.
“We fully support the (CKPC) project and I believe this investment will help to support Alberta’s Industrial Heartland as an economic driver which boasts more than $40 billion in current capital investment, which translates to over 6,000 direct and 25,000 indirect jobs. This investment will also support government revenues that fund important initiatives like schools, hospitals and roads.” said Sturgeon County CAO, Reegan McCullough.
“Sturgeon County has been a strong supporter of CKPC since day one and their work to create a competitive jurisdiction for large-scale energy infrastructure investments helped us reach this exciting milestone,” said CKPC Commercial Manager Kevin Jagger.”
Our project provides significant long-term economic benefits and job creation and we recognize the important role Sturgeon County will continue to play through the execution and operations phases.”
“Adding value to our resources benefits all sectors and all corners of our province and our country and we are excited to welcome this new investment to Sturgeon County.” commented Hnatiw.
CKPC will build a fully integrated propane dehydrogenation and polypropylene production facility, as well as associated infrastructure, such as pipeline connections, utilities, and rail. CKPC is a valued partner to the Sturgeon County community and continues to build relationships with local jurisdictions and business communities.
For more information, please contact:
Tyler Westover Manager, Economic Development