Provide leadership, advocacy and trusted information to ensure Alberta is the number one jurisdiction to invest in.
A prosperous Alberta realizing full value from our energy resources.
Diversification provides immense energy transition opportunities. Global demand for petrochemical products is expected to grow, and with the right policy framework, Alberta can capitalize on this growth.
of proposed projects
total direct jobs
in tax revenues
boost to Alberta’s GDP
We are dedicated to realizing the full potential of Alberta’s abundant natural resources by expanding and diversifying Alberta’s resource manufacturing industries. Through our unique partnership of industry, post-secondary, and labour, we work with government to develop policies that attract investment while protecting the taxpayer and diversifying our economy to provide well-paying jobs to Albertans.
New petrochemical projects will not be built without an emphasis on the energy transition. Our members support the expansion of the Alberta Petrochemical Incentive Program (APIP) to include CCUS projects. In a highly competitive global market, an expansion of APIP to include CCUS projects would help ensure Alberta is the number one jurisdiction for our members to invest in.
Should the over $22 billion of our projects be built, Alberta needs skilled labour available for the 20,250 of construction and 658 of operational employment opportunities. While industry, post-secondary, and labour groups have a role to play in developing our workforce, we need the government to take additional actions to enhance overall labour availability and training.
Previously eligible critical equipment for our projects, such as rail terminals, were not carried over to the current Alberta Petrochemicals Incentive Program (APIP) from its predecessor Petrochemical Diversification Program. The restoration and expansion of equipment eligibility would continue to improve Alberta's ability to attract new projects.
Currently, projects are eligible to receive rebates over a period of three years following one year of full operations. As projects are already cash-positive for the government under the Alberta Petrochemicals Incentive Program (APIP) before projects begin their operations, our members would like to see rebates begin once projects become cash-positive for the Alberta government over a condensed funding period of two years. This advancing of rebates would boost Alberta's competitive advantage while continuing to protect the taxpayer.