Federal Govt grants approval to Keltic for integrated petrochemical project planned at Goldboro

10-Mar-08

After an extensive review, conducted rigorously by all levels of government and the public, Canada's federal government has granted approval to Keltic Petrochemicals Inc. (Keltic). The company can now proceed with the C$4.5 bln integrated petrochemical project planned for Goldboro, Nova Scotia. Keltic is in strategic partnership with LyondellBasell Industries for the project. Upon completion, the facility will consist of ethylene, polyethylene, propylene, and polypropylene plants as well as a supporting cogeneration plant. The conditions placed on the federal approval, as well as at the provincial level will ensure the facility will be constructed and operated in an environmentally sound manner. Included in the conditions of approval is the requirement for the company to submit further documents to be reviewed by various regulatory agencies, including an environmental protection plan, a site security plan, a marine simulation exercise and a marine terminal manual, in addition to provisions for an emergency evacuation plan. Keltic Petrochemicals Inc. was formed in March 2000 by W. Kevin Dunn, a native Nova Scotian and long-time Calgary area businessman.