Proposed multi-billion dollar petrochemical project in the County of Grande Prairie
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Details about a proposed multi-billion dollar petrochemical facility to be built in the County of Grande Prairie have been announced.
Nauticol Energy Ltd. wants to build a $2 billion methanol facility 10 kilometres south of Grande Prairie adjacent to the International Paper Canada pulp mill and is expected to produce three million metric tonnes of methanol per year.
In a news release, the company goes on to say the project will create approximately 1,000 construction jobs and work will start next year.
“Nauticol is committed to building value-add industry in the Grande Prairie region. This leading-edge facility will create 75,000 people years of employment and adds value to Alberta’s abundant natural gas supply,” said Mark Tonner, President and CEO of Nauticol Energy Ltd. “This is a made-in-Alberta/made-for-Albertans project that will add tremendous economic, environmental and societal benefits both here and around the world.”
Tonner adds the facility will be the first ever in the Peace Region and second in the province.
“There is one methanol facility that is currently in production, which is in Medicine Hat. It’s a smaller scale facility. It’s about 60 percent of the size of our first unit that will come online. It’s an older facility. So, this facility will use newer technology. So, the emissions, the efficiency of the plant, is much higher. So, this will be the most efficient methanol production facility operating in Canada.”
Tonner says Nauticol Energy will be funding the $2 billion facility.
