Sturgeon County Welcomes Petrochemical Complex

Sturgeon County Welcomes Petrochemical Complex

Posted on Thursday November 02, 2017 at 09:27AM

October 25, 2017, Morinville, AB - Sturgeon County continues to showcase itself as the place to do business by entering into a support agreement with Canada Kuwait Petrochemical Corporation (CKPC) proposing to build a $4 billion petrochemical complex in Alberta’s Industrial Heartland.

The Municipal Improvement Agreement, combined with Alberta Energy’s $300 million conditional royalty credit award to CKPC in December 2016, shows demonstrated leadership from Alberta and Sturgeon County as a globally competitive jurisdiction to secure world-scale energy infrastructure investments.

“This proposed project represents significant economic benefits to Sturgeon County including increased property tax base, investment in municipal infrastructure, local sourcing opportunities and high-quality jobs both during construction and operations,” said Sturgeon County CAO, Peter Tarnawsky. “We support the proposed petrochemical facility as a step in the right direction to diversify our local economy within Alberta.” commented Tarnawsky.

Read the full news release

Author: Lamont County Now

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