Grant Name: Alberta Petrochemicals Incentive Program

Status:

Accepting Clients

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Deadline:

N/A

Description

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.

Eligibility

Eligible Projects:

  • Must be physically located in Alberta
  • The capital investment must be at least $50 million (CAD)
  • The facility must use natural gas, natural gas liquids, or petrochemical intermediaries (ethylene, propylene, benzene, etc) in the manufacturing of its own products
  • The project must create permanent jobs in Alberta

How to Apply?

Application and grant process has three stages:

  1. 1.       Advance Notification
    • Companies will be asked to provide company information, project location, project type, estimates for total costs, eligible capital costs, and job creation
  2. 2.       Qualification and Grant Agreement
    • Business will be required to provide information about the proposed project: Business Plan, Project Timing, Technology Configuration, Proponent’s Capability, Economic Benefits to Alberta, And Environmental Performance
  3. 3.       Payment
    • If deemed eligible, the Government of Alberta will then enter into a grant agreement with the company
    • The payment schedule will depend on the size of the project

Funding Amount

This program will cover a maximum of 12% of eligible costs

Contact Information

NA

Processing Fee

N/A

Location/Classification

Alberta, Canada

Business

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