Sara Hastings-Simon, a senior researcher at the Payne Institute at the Colorado School of Mines and a University of Calgary research fellow, said she was surprised at Nally's comments that the province wouldn't be picking winners and losers, instead leaving it up to the market. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. The Alberta NDP leader criticized the government for not specifying how much it will spend on the program, arguing it creates too much risk for the public. Nally said there will be significant opportunities to grow the province's petrochemical sector by more than $30 billion by 2030, a figure he said is based on historical development in the sector and industry partner forecasts. Alberta is already one of the country's largest hubs for petrochemical manufacturing, and the province expects global demand to increase further, a demand the government hopes the program will capitalize on. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. The Alberta Petrochemicals Incentive Program, launching this fall, will invest in major petrochemical manufacturing projects in the province. We're going to revolve around theirs. "Our government is no longer committed to picking winners and losers," Nally said. But Fellows said he was disappointed the province didn't explain why an incentive program is needed to bring projects to Alberta in the first place. The program will run alongside the province's Petrochemicals Diversification Program, not replace it, Nally said. But if we have to look at an annual cap, that's something that we'll do.". "We don't have any hard caps in place. The Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic used in the manufacturing of a wide range of finished products. The first of its kind in Canada, the Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into approximately 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic. Nally acknowledged that too many new projects could risk overheating the sector, but the government's ongoing assessment of the program will watch for that. Delivering Attractive Employee Benefits. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., in January. In addition to competitive salaries, we offer a generous compensation package, including an annual bonus program and a long-term incentive plan under which each and every employee is granted a stake in the business. The Heartland Petrochemical Complex is an approximately $4.0 billion project designed to consume approximately 22,000 b/d of locally-sourced, low-cost propane to produce approximately 525 kilotonnes per annum of polypropylene, a high-value, easily transported plastic used in the manufacturing of a wide range of finished products. He said many economists, including himself, often argue against corporate welfare and subsidies, but that incurring debt now for more growth later isn't a bad strategy. Audience Relations, CBC P.O. "Their inability to provide us with information is jaw-dropping.". If your company office is located within a one hour drive of the Heartland Petrochemical Complex, this will be noted on our local contractor vendor list. The PDP offers royalty credits to companies in exchange for building facilities that turn ethane, methane or propane feedstocks into products such as plastics and fabrics. Alberta announced a 10-year grant program on Thursday the government hopes will attract multi-billion dollar petrochemical investments. Fellows also noted there are plenty of resources in Alberta to capitalize on recent growth in the petrochemical sector. In addition to competitive salaries, we offer a generous compensation package, including an annual bonus program and a long-term incentive plan under which each and every employee is granted a stake in the business. (Jason Franson/The Canadian Press) "We're going to stop asking industry to revolve around government schedule. Hastings-Simon said having the program at all is a form of picking. The first of its kind in Canada, the Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into approximately 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic. Nally said it's possible an annual cap will be implemented, but that hasn't been decided. ", Alberta bets on infrastructure spending, corporate tax cuts to spur recovery. Instead of royalty credits, the program will offer grants, which Nally said is a more effective way to encourage investment, since it lets companies better account for the full value of incentive offered. Inter Pipeline Ltd. says it has signed a deal to sell a major portion of its European bulk liquid storage business to the CLH Group for $715 million.THE CANADIAN PRESS/Jason Franson Construction of the complex is well underway at the Strathcona County site. Hastings-Simon said it's possible to do these kinds of incentive programs well and poorly, but it's problematic not to acknowledge the government's role in shaping markets and creating industries. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. During an economic downturn with high unemployment, University of Calgary economist Kent Fellows said it makes sense the government would tend toward spending more right now to get people back to work. "That's always the risk, so that's why we committed to monitoring it throughout the 10 years," he said. Head Office 3200, 215 – 2nd Street SW Calgary, Alberta, T2P 1M4 Careers at Inter Pipeline's Heartland Petrochemical Complex Note: If you would like to submit a GENERAL application for employment opportunities at Inter Pipeline, please identify the role you're interested in and email your cover letter and resume to: talent@interpipeline.com Box 500 Station A Toronto, ON Canada, M5W 1E6. The Heartland Petrochemical Complex is located northeast of the city of Fort Saskatchewan, in Alberta. Delivering Attractive Employee Benefits. Careers at the Heartland Petrochemical Complex Print Page An opportunity as unique as you! At Inter Pipeline we recognize the importance of properly rewarding our employees. At Inter Pipeline we recognize the importance of properly rewarding our employees. The Alberta Petrochemicals Incentive Program, launching this fall will invest in major petrochemical manufacturing projects around Alberta. We are building Canada's first integrated propane dehydrogenation (PDH) and polypropylene (PP) complex. Alberta Opposition leader Rachel Notley called the program half-baked on Thursday. According to the Chemistry Industry Association of Canada, Alberta's chemicals sector, comprised predominantly of petrochemicals, was valued at $12.1 billion and employed about 58,400 people directly and indirectly in 2019. "The onus should be generally on the province to articulate that market failure and explain why we need a petrochemical incentive program to bring investment here, why it's not coming on its own," Fellows said. If that's ignored, Hastings-Simon said, those decisions could be made in a way that isn't transparent and doesn't bring in a full perspective. Alberta announces new 10-year program to attract petrochemical projects, CBC's Journalistic Standards and Practices. The province will monitor and assess the program throughout the next decade, and said there will be no cap on how much funding it will provide to investors. "You've identified this sector and said this is where we should provide support and that should grow," Hastings-Simon. Inter Pipeline and the prime contractor groups are always interested in knowing what local businesses and services are available around the project site. "We're going to let the market do that. Nally said a private evaluation program won't be used to select projects, and the program will be open year-round for the next decade with no intermittent application deadlines. Government funding will be provided to every project that applies and meets the criteria once they're operational, said Dale Nally, Alberta's Associate Minister of Natural Gas and Electricity. "They can't even tell Albertans how much it will cost, and yet somehow they can claim to know how much investment their program will bring into the province and how many jobs it will create," Notley said. "And then to quibble about the details of whether or not you're picking one project over another, as long as you have criteria, that is of course a form of picking.".
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