A new Canadian company wants to build a massive C$5.6 billion (US$4.3 billion) petrochemicals site in western Canada that would include polyethylene resin.
West Coast Olefins Ltd. of Calgary has secured a 300-acre site in the BCR Industrial Area of Prince George, British Columbia, for the project. The firm is about to begin formal regulatory approval and is targeting a final investment decision by the end of 2020.
Company officials said in a news release that the site would include a world-scale ethylene plant and PE facility. Most of the PE resin made at the site would be shipped to Asia, they added.
Once fully operational, the facility will create up to 1,000 permanent high-skilled jobs, officials said. Several thousand workers will be required to support the construction effort over a three-year period.
Officials added that WCO, which was formed last year, "is aware of the local sensitivity to air shed concerns in the 'bowl area' of Prince George, especially particulate matter and odor issues."
The proposed plant would use a low-carbon, clean-burning mixture of methane and hydrogen as its main fuel source for fired equipment. Officials said that mixture has no soot or odor and minimizes greenhouse gas emissions.