Originally posted by Alberta’s Industrial Heartland Association here.
Fort Saskatchewan, Alberta, Canada – Alberta’s Industrial Heartland Association congratulates Dow on their final investment decision to build the world’s first net-zero scope 1 and 2 emissions ethylene and derivatives complex in Alberta’s Industrial Heartland. This $6.5 billion USD (excluding government incentives and subsidies) expansion will be one of the largest capital investments in the Industrial Heartland’s history.
“We applaud Dow for sanctioning this significant capital project in Alberta’s Industrial Heartland,” says Mark Plamondon, executive director of Alberta’s Industrial Heartland Association. “This investment signals that Alberta’s Industrial Heartland is a flagship global destination where companies can achieve both their economic and environmental goals.”
This significant investment underscores the company’s confidence in the Industrial Heartland and its leadership in innovation and sustainability. Specifically, the Fort Saskatchewan site was selected due to its competitive advantages, including access to low-cost natural gas and ethane. Alberta’s Industrial Heartland’s wide availability of CO2 transportation and storage infrastructure is another critical advantage that enables decarbonization of this project, through Wolf Midstream’s Alberta Carbon Trunk Line. Targeted subsidies and incentives from multiple levels of government also helped secure the decision, according to Dow’s press release.
“This expenditure in advanced technology illustrates how leading companies in the Industrial Heartland, like Dow, are embracing industrial decarbonization,” Mark continues. “Alberta’s Industrial Heartland continues to lead the world as a capital investment destination that fosters sustainable business models and helps pave the path towards a sustainable future.”
“Dow’s announcement is a win for the entire Edmonton Metropolitan Region,” said Malcolm Bruce, Edmonton Global CEO. “Over the last decade, The City of Fort Saskatchewan and Alberta’s Industrial Heartland Association have been leading the way to fully realize this investment decision. It is great to see this historic milestone come to life,” said Bruce.
This investment will positively impact the communities surrounding Alberta’s Industrial Heartland, Alberta and Canada through job growth and economic prosperity.
Read the Dow press release: Dow’s Board of Directors Approves Final Investment Decision for Path2Zero Project.
###
Karlee Conway, Director of Communications karlee@industrialheartland.com 780-938-5963
Alberta’s Industrial Heartland (AIH) is one of the world’s most attractive locations for chemical, petrochemical, oil, and gas investment. As Canada’s largest hydrocarbon processing Region, AIH is making history enabling diversification at the intersection of economic resiliency and environmental leadership. With $45+ billion in existing capital investment and more than 40 companies, AIH is providing fuels, fertilizers, power, petrochemicals and more to provincial and global consumers. Learn more at industrialheartland.com.
Alberta’s Industrial Heartland Association (AIHA) is a non-profit organization that drives capital investment into Alberta’s Industrial Heartland. It is governed by a board of directors comprised of the five municipal partners: City of Fort Saskatchewan, Lamont County, Strathcona County, Sturgeon County, and City of Edmonton.
