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Alberta - A Leading Investment Location for the Chemical Sector
Alberta's Industrial Heartland (AIH) is a $25 billion neighbourhood, the hub of a competitive, world-class petrochemical manufacturing sector with a world market. Home to one of the largest petrochemical and refining clusters in North American and one of the world's largest ethylene plants, the region abounds in opportunities for petrochemical and innovation investment. An abundance of
primary and secondary resources, favourable operating costs, low taxes and the confidence demonstrated by huge investments contribute to a long-term window on sustained economic growth.
The critical mass of world-class industry players, including Dow Chemicals, Shell Chemicals Canada, Shell Canada Products, Degussa Canada, and smaller related industries and support businesses is at the centre of an extensive network of pipeline, truck, and rail transportation links to the U.S. market place.
Located in the Greater Edmonton area, Alberta's Industrial Heartland is directly linked to the world's largest ethylene cracker, Nova Chemicals, and derivative facilities operated by Nova and Dow Chemicals and Fort McMurray's massive oil sands development. Oil sands marketable production in 2002 reached 740 300 (billion barrels per day), of bitumen and upgraded synthetic crude oil. This
represented 48.4 per cent of Alberta's and 31.8 per cent of Canada's total crude production. Alberta's oil sands promise a secure 50- to 100-year supply of feedstock for petrochemical investment. Industry projections suggest the Alberta oil sands will produce half of all Canadian crude oil by 2005.
In the heart of this dynamic province, the Alberta's Industrial Heartland cluster represents a huge potential for the production of competitively priced derivatives for global markets. |