Alberta Petrochemicals Incentive Program

📋 Eligible Entities - Petrochemical manufacturing companies (corporations and enterprises) - Existing petrochemical producers planning facility expansions - New petrochemical manufacturers establishing operations in Alberta - Private sector businesses with sufficient capital investment capacity - Must be registered to operate in Alberta or demonstrate intent to establish operations in the province ### 💰 Funding Details - Grant Coverage: Up to 12% of total project costs - Minimum Capital Investment Threshold: $50 million CAD required to qualify - Grant Type: Non-repayable grant (funding does not require repayment) - Matching Requirement: Applicant must fund the remaining 88% of project costs - Maximum Grant Amount: Not specified in program details (calculated as 12% of eligible project costs) - No loan component: This is a pure grant with no debt obligations ### 🛠️ Approved Expenses - Capital costs for new petrochemical manufacturing facility construction - Equipment purchases and installation for production operations - Facility expansion costs for existing operations - Infrastructure development directly supporting the manufacturing facility - Technology and automation systems integral to the production process - Expenses must be directly tied to the manufacturing facility project itself ### ⚠️ Conditions & Milestones - Minimum Investment Threshold: Project capital investment must be at least $50 million CAD to qualify - Petrochemical Focus: Facility must be engaged in petrochemical manufacturing (not related industries) - Alberta Location: Project must be located within Alberta - Applicant Funding Responsibility: Applicant must secure and commit 88% of total project financing - Project Scope: Grant applies to new facilities OR expansions of existing facilities - Eligible Cost Basis: Grant calculated on approved project costs only - Compliance Requirement: Applicant must comply with all Alberta regulatory and environmental standards - Documentation: Detailed project plans and investment documentation required for assessment