Alberta's NDP government takes another stab at boosting refining capacity
After announcing the purchase of new rail cars, convincing Ottawa to buy the Trans Mountain pipeline, forcing producers to cut output, and offering incentives for partial upgrading and petrochemical facilities, Alberta's NDP government is now dangling more taxpayer funds in hopes of attracting investment in the province's refining sector.
In order to qualify for the new program, the refinery must be located in Alberta, and process diluted bitumen or partially-upgraded crude. Interested parties have been given two months to submit their proposals, which must include a business case, project schedule, plant configuration, economic viability, financing and marketing plans, environmental performance, owner competency and finally, participation of Indigenous communities.
The government says only projects with a "strong return on investment for Albertans" will be considered.