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
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections