Energy Minister Marg McCuaig-Boyd says the petrochemicals diversification program, which provides $500 million in royalty credits to the sector, has attracted 16 applications from local and international companies.

Pembina Pipeline Corp. is looking to build a large-scale petrochemical processing plant in Alberta that could benefit from a new subsidy program.

Alberta Energy Minister Marg McCuaig-Boyd says a program to encourage more value-added processing in the petrochemical sector is getting a lot of interest.