Sturgeon County Welcomes Petrochemical Complex
Signs Municipal Improvement Agreement with Canada Kuwait Petrochemical Corporation
Sturgeon County continues to showcase itself as the place to do business by entering into a support agreement with Canada Kuwait Petrochemical Corporation (CKPC) proposing to build a $4 billion petrochemical complex in Alberta’s Industrial Heartland.
The Municipal Improvement Agreement, combined with Alberta Energy’s $300 million conditional royalty credit award to CKPC in December 2016, shows demonstrated leadership from Alberta and Sturgeon County as a globally competitive jurisdiction to secure world-scale energy infrastructure investments.
“This proposed project represents significant economic benefits to Sturgeon County including increased property tax base, investment in municipal infrastructure, local sourcing opportunities and high-quality jobs both during construction and operations,” said Sturgeon County CAO, Peter Tarnawsky. “We support the proposed petrochemical facility as a step in the right direction to diversify our local economy within Alberta.” commented Tarnawsky.
CKPC is proposing to develop a fully integrated propane dehydrogenation and polypropylene production facility, as well as associated infrastructure, such as pipeline connectivity, utilities, and rail.
“Sturgeon County and its residents have been great partners with Pembina over the years and we are excited to enter into this agreement as part of CKPC and work towards developing a new world-scale petrochemical facility that will bring additional economic and social benefits to the region for decades to come,” said Pembina’s Senior Vice President and CKPC Director Stu Taylor.
CKPC is a 50/50 joint venture between Canada’s Pembina Pipeline Corporation and Kuwait’s Petrochemical Industries Company K.S.C. (PIC).