The province of Alberta presents incredible investment opportunities as demand for petrochemicals, fuel, and other refined petroleum products continues to grow worldwide. Within the province, over $192 billion in projects are planned, underway, or have recently been completed (Government of Alberta’s Inventory of Major Projects, March 2012). Of this, the chemical and petrochemical sector accounts for $833 million, $2.2 billion is allotted to the oil and gas sector, and a staggering $125.9 billion in the oil sands sector.
Within Alberta’s Industrial Heartland, the diverse range of feedstock from natural gas liquids and refining by-products provide secondary and tertiary derivative manufacturing opportunities. The potential is great for those interested in accessing this feedstock to produce refined petroleum products and petrochemicals. Investors benefit from Alberta’s extensive oil sands—a secure crude oil source for both domestic and international refineries.
The region also provides easy access to global markets through its efficient transportation infrastructure. Additionally, investors benefit from strong support for research and development and a thriving business atmosphere strengthened by a recognized export and investment culture.
Investment potential also exists in the area of producing and sharing resources. Deregulated energy has reduced innovation barriers and enhanced prospects for advancements in co-generation to enable producers to share resources. The Heartland’s industrial cluster creates ideal conditions for establishing utility islands and eco-industrial development. The region encompasses over 20 facilities in a large area, but virtually all interconnected in one way or another. Sharing resources through business and community cooperation is leading to increased economic gains, improved environmental quality, and enhanced human resources. Tremendous opportunity exists within the region to increase and enhance the eco-industrial concept.
Potential opportunities include:
- Electrical co-generation
- Phenol production for resin in composite board products
- Ethyl hexyl nitrate as phenol formaldehyde diesel cetane enhancer
- Hydrogen transfer, hydrogen fuel cells
- Ethanol Amines
- Spent hydro-cracking catalyst recovery – nickel and vanadium
- Waste heat recovery, conversion and utilization
- CO2 capture, aggregation and sequestration
- Warehousing and packaging
Additional Investment Resources
- AltaLIS digital mapping
- Canadian Association of Geophysical Contractors
- Canadian Association of Oil Well Drilling Contractors
- Canadian Manufacturers & Exporters
- Chemistry Industry Association of Canada
- Climate Change Central
- Department of Energy – Government of Alberta
- Minerals and Metals Sector – Natural Resources Canada
- RBC Economics