Alberta Petrochemicals Incentive Program (APIP)

By mmuise
Description:

The Alberta Petrochemicals Incentive Program provides financial incentives in the form of grants to encourage private sector investment in new or expanded Alberta-based petrochemical manufacturing facilities, including those producing value-added, petrochemical, hydrogen, fertilizer and fuel products.


Comments on Funding:

The Maximum Grant that the project proponent can receive remains CAD$120 million. The maximum annual amount of grants that the company is eligible to receive for every 12 months of operation is CAD$40 million (CAD$120 million / 3).

Deadline: November 1, 2030
Eligibility:

Applicants must be:

  • companies considering investment in petrochemicals sector;
  • potential investors with eligible projects meeting these criteria:
    a) The project must be physically located in Alberta;
    b) The capital investment must be at least (CAD) $50 million;
    c) The facility must use natural gas, natural gas liquids, or petrochemical intermediaries such as ethylene, propylene, benzene etc. in the manufacturing of its own products;
    d) The project must create permanent jobs in Alberta.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

The program is open to applications starting from November 1, 2020 until November 1, 2030. No further applications under the program will be accepted after the application window closes on November 1, 2030.

About the author
mmuise