Federal support helps secure a $4.5-billion investment in Canada & 2,110 jobs in Alberta
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Federal support helps secure a $4.5-billion investment in Canada & 2,110 jobs in Alberta
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Federal support helps secure a $4.5-billion investment in Canada & 2,110 jobs in Alberta

Via Newswire

Sturgeon County, Alberta, April 26, 2019 - In Canada, environmental leadership and economic growth go hand in hand. The Government of Canada recognizes the opportunities offered by clean technologies in Canada's innovative resource industries. Investing in the cleaner production of plastic products helps make the most of Canada's resources while protecting the environment for future generations.

Today, the Honourable Amarjeet Sohi, Minister of Natural Resources, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a commitment of $49 million to Canada Kuwait Petrochemical Corporation (CKPC), a joint venture between Pembina Pipeline Corporation and Kuwait's Petrochemical Industries Company K.S.C. (PIC) to construct a new $4.5-billion polypropylene complex in Sturgeon County, Alberta.

As part of Canada's $1.6-billion plan to support jobs and workers in Canada's oil and gas sector, this investment will help create 200 new jobs while securing 1,910 construction jobs for the life of the project. In addition, it is estimated that across Canada 13,800 indirect and induced jobs will be supported by the construction of the facility, and an estimated 1,500 indirect and induced jobs will be supported by the plant's ongoing operations, based on Conference Board of Canada models.

Full release >> www.newswire.ca

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