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Williams Canada Plastic Project Seen Spurred by Alberta Benefits

  • Partners weighing $2.2-billion complex in Canadian first
  • Subsidies meant to diversify province from oil amid downturn
Updated on

Prospects for a C$3 billion ($2.2 billion) petrochemical complex in Alberta led by Williams Cos. are brightening as the province seeks to diversify an economy dragged down by a slump in oil.

Alberta is offering incentives for the sector as Williams, the natural-gas pipeline company being purchased by Energy Transfer Equity LP, and Goradia Capital, a closely held chemical investor, prepare to decide this year whether to proceed with a project near Edmonton that would establish the plastics industry in Canada.