A $3.5-billion project to turn Alberta propane into plastic pellets for the manufacture of consumer products is to receive $49 million from the federal government.
Ottawa says the money provided to Calgary-based Inter Pipeline Ltd. through the $1.6-billion Strategic Innovation Fund will help secure jobs and support the environmentally cleaner production of plastic products.
READ MORE: Inter Pipeline green-lights $3.5B petrochemical project to produce plastic
The facility is already under construction in Strathcona County, just northeast of Edmonton, with completion scheduled for late 2021.
READ MORE: Tower as tall as CFL football field begins complex move out of Edmonton
Watch below: (From January 2019) A massive tower constructed in Edmonton will hit the highway Sunday night, heading to its destination, a new industrial complex near Fort Saskatchewan. Julia Wong reports.
The company is to increase jobs for post-secondary students and women in trades, while continuing to fund research and spending $10 million to find ways to reduce plastic waste.
The Inter Pipeline project was given $200 million in provincial royalty credits in 2016, while Calgary-based Pembina Pipeline Ltd. was handed $300 million in credits for a similar proposal.
READ MORE: Pembina going ahead with polypropylene plant joint venture with Kuwaiti firm
Last month, Pembina announced it had decided with its partner, Kuwait’s Petrochemical Industries Co., to go ahead with a $4.5-billion polypropylene project also to be located northeast of Edmonton.
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