The Imperial Strathcona refinery near Edmonton
Alberta’s petrochemicals advantage
Canada’s oil hub looks to the future amid a supportive geological and investment environment
Alberta could “have one of the biggest petrochemical industries in the world”, the province’s premier, Danielle Smith, told the PetroChem Canada West conference in Calgary in early April. The Canadian province has received C$30b ($22b) in applications for its Alberta Petrochemical Incentives Program (APIP), which pays up to 12% of a project’s capital costs upon completion, since the programme was announced in October 2020, she said. To date, one project has been completed under APIP, Calgary-based Inter Pipeline’s C$5b Heartland Petrochemical Complex in Alberta’s Industrial Heartland (AIH) near Edmonton, in July 2022. “The operation is the only one of its kind in North America, offering the
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
