Alberta Petrochemicals Incentive Program

Grants to attract investment in Alberta’s petrochemicals sector. Overview The Alberta Petrochemicals Incentive Program (APIP) is a key part of Alberta’s Recovery Plan and the Natural Gas Vision and Strategy to turn the province into a top global producer of petrochemicals. It provides grants to companies to attract investment in new or expanded market-driven petrochemical facilities. Key features The Alberta Petrochemicals Incentive Program will enhance certainty and flexibility for investors and cut red tape to attract investment into Alberta’s petrochemicals sector. Alberta has a tremendous opportunity to capitalize on the growing global petrochemical sector and diversify the province's economy, with our abundant natural gas reserves and a competitive, investor-friendly business environment. The Program Guideline provides companies considering investment in the sector with detailed information about the program. Key features of the program include: A 5 or 10-year program period, depending on the scope of the project, during which eligible projects must be built and operational to receive funding. An open and transparent approach, whereby every project submitted that meets the program’s criteria will receive funding once built and operational. Grants worth 12% of a project’s eligible capital costs will be issued to companies after projects are operational. Grants allow companies to account for the full value of the incentive provided when calculating their project’s return on investment. Better alignment with typical investment cycles by making funding available throughout the program’s duration.

Grant Deadline

2030-11-01

Funding Amount

Deadline not available

Type of Grant

Grant, Funding

Sectors

Oil & Gas

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

The full eligibility criteria are available in the Program Guideline document. Applicants should always refer to the Program Guideline when making decisions on a project or seeking information on the program.

Project eligibility

Eligible projects must meet these criteria, as well as those outlined in the Program Guideline:

• The project must be physically located in Alberta.
• The capital investment must be at least (CAD) $50 million.
• 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.
• The project must create permanent jobs in Alberta.

Both new facilities, as well as brownfields and expansions on existing facilities, will be eligible for the program.

Eligible costs

Not all capital costs associated with a project are eligible for reimbursement as part of the grant process. Costs eligible for reimbursement under APIP are related to manufacturing and processing capital expenditures.

Applicants should refer to the Program Guideline to determine which costs will be eligible.

Grant Application website

https://www.alberta.ca/alberta-petrochemicals-incentive-program.aspx

Contact

Contact

Connect with the Natural Gas Strategy and Engagement Branch:

Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)

Email: energy.hydrogen@gov.ab.ca

Mailing Address:

Alberta Energy

Natural Gas Strategy and Engagement Branch

6th Floor, North Petroleum Plaza

9945 108 Street NW

Edmonton, Alberta T5K 2G6