January 27, 2022

Alberta Stories

A green view: $2.5B clean hydrogen investment coming to Alberta

When Northern Petrochemical Corporation was searching the globe for a home for its proposed $2.5 billion clean hydrogen complex, they found it in the Alberta Peace Region.  

On November 10, 2021, Northern Petrochemical President and CEO, Geoff Bury, signed a historic land purchase agreement in Grande Prairie with the Municipal District of Greenview for a 295-acre parcel to develop the carbon-neutral integrated ammonia and methanol complex.  

The project is expected to create up to 4000 near-term construction jobs and 400 permanent full-time jobs once operational in the region.  

The Peace Region in Northeastern Alberta—known for its natural gas reserves—is a place that understands the energy sector. It has carefully planned infrastructure to support net-zero energy developments and a network of services in place to get energy products to international markets, fast.  

The Greenview Industrial Gateway—where Northern Petrochemical’s project is slated to be built—is a world-class, heavy eco-industrial development focused on value-added petrochemical development. The gateway is connected by rail to the Port of Prince Rupert for export to Asian markets, offers low-cost feedstock for the processing and development of petrochemicals, houses pipeline and utility infrastructure, and has a skilled industrial workforce experienced in energy production, manufacturing, and processing. 

Adding to its “plug and play” scenario, the Municipal District of Greenview has submitted an expression of interest to the provincial government to become a Carbon Capture, Utilization and Storage (CCUS) hub, creating carbon capture and sequestration possibilities within the Greenview Industrial Gateway, a critical component for net-zero energy projects.  

Alberta also has creative business supports for its growing petrochemical sector, including the Alberta Petrochemicals Incentive Program (APIP) — a program that reduces red tape for investors and provides grants to companies to attract high-impact investment in new or expanded market-driven petrochemical facilities.  

Invest Alberta signed a Memorandum of Understanding (MOU) with Northern Petrochemical Corporation to support their continued investment in the province and will work towards securing a final investment decision for the facility. Construction of the proposed complex is estimated to start in the summer of 2023.  

This announcement also comes on the heels of the Government of Alberta’s recently-released Hydrogen Roadmap: a vision that outlines the enormous opportunity for government, industry and municipalities to grow Alberta’s hydrogen sector and position the province as an international leader in clean hydrogen.  

Companies across the world, like Northern Petrochemical Corporation, have discovered the high value of Alberta’s in-place infrastructure, streamlined government programs, skilled workforce and high-end tailored investor supports. Future low-carbon petrochemical projects are growing in the province every year—evidence that Alberta has a robust natural gas vision and bold petrochemical strategy. 

Return to Index

Start making your ambitions a reality