Canada petrochemicals industry

Tuesday, Nov 20, 2012

Research and Markets (http://www.researchandmarkets.com/research/r4g2z3/canada) has announced the addition of GlobalData's new report "Canada Petrochemicals Industry - Modified Ethane Policy and New Pipeline from the US to Enhance the Ethane Supply" to their offering.

“Canada Petrochemicals Industry - Modified Ethane Policy and New Pipeline from the US to Enhance the Ethane Supply”

The natural gas supply shortage faced by the Canadian petrochemicals industry is likely to end in the next five years as the latest initiatives by the Alberta state government are encouraging investments in ethane extraction facilities. Alberta is the home of Canada's petrochemicals industry and accounts for the bulk of the petrochemicals capacity in the country. For the past few years, the Canadian petrochemicals industry has been facing an ethane feedstock supply shortage due to declining natural gas production from the West Canadian Sedimentary Basin (WCSB).

To address the declining natural gas and ethane supply, the Alberta state government started an Incremental Ethane Extraction Program (IEEP) in 2007, which would provide additional benefits for increasing ethane production in Alberta. Under IEEP, the government will provide fractionation credit to the petrochemicals industry, which will use these credits to in exchange for royalty payments. The program was aimed at increasing the ethane production capacity in Alberta with an estimated cost of $350m.

Scope

- Analyses the policy changes by the Alberta Government and National Energy Board to Revamp the Feedstock Supply in Canada

- Analyses the feedstock supply

- Analyses the Ethane production

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today