The Petrochemicals Diversification Program provides royalty credits to companies in exchange for building facilities that turn ethane, methane and propane feedstocks into products such as plastics, fabrics and fertilizers.
Government discontinued the Partial Upgrading and the Petrochemicals Feedstock Infrastructure programs in October 2019, as well as the request for proposals for refinery projects. These programs relied on grants and loan guarantees to support facilities that would upgrade oil and gas resources.
The call for applications for round two closed on October 1, 2018. These applications are now under review.
- Attracting investment in petrochemicals (October 23, 2019)