Inter Pipeline Ltd has decided to go ahead with a $3.5 billion petrochemical project. The Heartland Petrochemical Complex will convert locally sourced propane into polypropylene, a high value and easy to transport plastic used in the manufacturing of a wide range of finished projects, including automobile parts, container and Canadian bank notes. The project will be built in an industrial area north of Edmonton.
The complex is scheduled to be completed in 2021. It will take 22,000 barrels of propane per day, and convert it into 525,000 tonnes per year of plastics.
“We’re excited to see this new investment that will create thousands of good-paying jobs and help diversify Alberta’s economy,” Alberta Energy Minister Marg McCuaig-Boyd said in a release.