The Alberta Economy is getting a boost thanks to an $8.9Billion investment by Dow Chemicals.
The company announced that Fort Saskatchewan – just a couple hours west of us here in Lloyd, will be where they will set up their “Path-2-Zero” facility.
Earlier today, Alberta Premier Danielle Smith and Deputy Prime Minister Chrystia Freeland were on site for the announcement.
The facility itself is said to “produce and supply approximately three million metric tonnes of certified low- to zero-carbon emissions polyethylene and ethylene derivatives for customers around the globe.”
As a net-zero facility, hope is that the facility will help improve Alberta’s reputation when it comes to the use of emissions-reducing technology like carbon capturing.
The plant will create about 6,000 jobs in construction, and the facility itself will hold 4-500 full time jobs once it’s up and running.