Inter Pipeline Limited will receive $408 million under the Alberta Petrochemicals Incentive Program (APIP) in support of Heartland Petrochemical Complex (HPC), a world-class integrated Propane Dehydrogenation (PDH) and Polypropylene (PP) production facility.

The production facility will be operational in early 2022.

Christian Bayle, Inter Pipeline's President and Chief Executive Officer said, "HPC's construction has created thousands of well-paid technical, manufacturing and construction jobs over its multi-year build and has been a symbol of hope during difficult economic times for the Province. In total we expect that roughly $3 billion or three quarters of the project construction spend will be invested directly into materials and services provided by Alberta businesses."

"Furthermore, we expect HPC to generate hundreds of permanent high-quality full-time jobs and substantial ongoing tax revenue for the government. We appreciate the Government of Alberta's support of HPC, and we believe it sends a clear message to the international investment community — future large-scale petrochemical investments are welcome in Alberta," added Bayle. 

"The Government of Alberta is proud to see the first successful application approved through the Alberta Petrochemicals Incentive Program. Projects like this are exactly what the province needs to become a global centre of excellence in the growing petrochemical sector," said the Honorable Dale Nally, Associate Minister of Natural Gas and Electricity.

"IPL's propane to polypropylene facility, a first in North America and a project that has been underway for many years, will be coming online next year and contributing to the further diversification of Alberta's economy," added Nally. 

Andy Brooks, President and Chief Executive Officer of Waiward Industrial Management Services, one of Western Canada's largest construction companies and a key partner in the fabrication of materials used in the construction of HPC said, "Programs like APIP are critical not only for sustaining Alberta's economy but for creating future growth. At a time when investment is truly needed, this program helps keep tax-paying Albertans working and putting food on the table, while also securing a strong future for Alberta with an exponential payback for taxpayers. Inter Pipeline's HPC has proven that — and APIP will attract more like it."