Calgary-based West Coast Olefins Ltd. has acquired a 300-acre parcel of land in the BCR Industrial Area of Prince George, BC as part of its plan to construct a CAD$5.6 bln (approximatelyUS$4.2 bln) petrochemical complex.
The company plans to build a facility at the site capable of producing 1 million tpa of polymer-grade ethylene, a polyethylene plant, an NLG recovery plant that will recover condensate from Enbridge’s West Coast Pipeline, as well as related off-site facilities and infrastructure.
“The Prince George facilities, using the latest available technologies and leveraging feedstock and transport advantages available in the city, will be the most comprehensive in North America,” Ken James, the chief executive officer and president of West Coast Olefins, said. West Coast Olefins said the firm may also construct a mono-ethylene glycol plant in the Prince George complex. A large amount of the polyethylene produced at the site will be exported to Asia. A final investment decision will be made by the end of next year following the completion of regulatory approvals, according to the company. Construction on the site is expected to last three years. As the site becomes operational, West Coast Olefins plans to create up to 1000 new positions.