04 October 2009 16:47 [Source: ICIS news]
LONDON (ICIS news)--Proposals for projects to take advantage of the Alberta Government’s bitumen royalty in kind (BRIK) plans are to be made by the end of December and the project choices made by March, Debbie Pietrusik, director of hydrocarbon cluster development with Alberta Finance & Enterprise said on Sunday.
The opportunities for investment by the provincial government in possible upgrader, refinery and chemicals project development and the potential risks are currently being considered, she said on the sidelines of the 43rd European Petrochemicals Association (EPCA) meeting in ?xml:namespace>
The BRIK proposals, through which the
“We are still trying to identify the opportunities for government and the risks involved,” she added. A world-scale bitumen upgrader, refinery and petrochemicals facility would require an investment of some $15bn (€10bn).
Bitumen production from
“There is sufficient and growing demand in key regional chemical and end-user industry, to underpin the development of a high value world class chemical and manufacturing cluster,” Pietrusik said in a recent presentation.To discuss issues facing the chemical industry go to ICIS connect
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