Inter Pipeline announced they're investing $3.5 billion to build two new facilities in the Heartland.
At the peak of construction, it's anticipated the projects will create 2,300 direct full-time jobs and once complete, employ 180 people full-time.
“Alberta is an ideal location to construct a world-scale, propane-based petrochemical operation," said Christian Bayle, president and CEO of Inter Pipeline. "Driven by attractive feedstock and utility costs, Inter Pipeline’s Heartland Complex is expected to be one of the lowest-cost polypropylene producers in North America.”
The complex will process about 22,000 barrels per day of Alberta propane into propylene, which will then be processed into the more valuable polypropylene that is used to manufacture value-added plastics products, including packaging for consumer goods, reusable containers and automotive parts.
"There's going to be a lot of spinoffs, people will choose to live close to where they work," said Fort Saskatchewan mayor Gale Katchur. "We expect the economy to take off further in Fort Saskatchewan."
Preliminary work is underway at the site, as is detailed engineering and design work. Construction on the new propane dehydrogenation facility will begin this spring, while operations are anticipated to begin by the end of 2021.
Inter Pipeline’s PDH project was one of two proposed petrochemical projects selected in December 2016, through a competitive application process, to receive up to $200 million in royalty credits from the Alberta Government. The other was Canada Kuwait Petrochemical Corporation's project.