Calgary-based Inter Pipeline Ltd. says it has decided to go ahead with a $3.5-billion petrochemical project in an industrial area north of Edmonton. The complex will convert propane into polypropylene, a plastic used in the manufacturing of products such as automobile parts, containers and Canadian bank notes. The province picked Inter Pipeline's project a year ago to receive up to $200 million in royalty credits. Pembina Pipeline, also headquartered in Calgary, is to receive $300 million in credits for a similar project in the same area if it decides to proceed. Inter Pipeline says construction of the integrated propane dehydrogenation and polypropylene plant is the most expensive project it has ever built.

Source: CBC News December 18, 2017 21:33 UTC