By Curtis Galbriath

$2-billion energy investment announced for Grande Prairie area

Feb 20, 2019 | 1:15 PM

GRNDE PRAIRIE — Nauticol Energy says construction of the first phase of a new, methanol plant near Grande Prairie will start in 2020.

Premier Rachel Notley was in Grande Prairie for the announcement today.

“As we fight to get top dollar for the resources owned by all Albertans, Nauticol’s major investment in the Peace region means thousands of good jobs and more upgrading of our raw resources into the products the world needs right here at home. By seizing these opportunities today, we’re making sure our kids and grandkids have new opportunities in a stronger, more diversified energy sector.” Rachel Notley, Premier

A release from the province says the facility, to be built south of the city, should be operational by 2022.

The government will support this project through $80-million in royalty credits.

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It will eventually have three units that produce methanol, a compound used as an alternate fuel and in the making of plastics, paints, and other things.

It is expected to be the largest methanol plant in Canada.

“This world-scale project will expand Alberta’s petrochemical value chain by transforming the region’s abundant natural gas resources into a highly valued product that will reach growing global methanol markets. Nauticol is committed to meaningful, innovative collaborations, smart engineering and sustainable and low-cost production.” Mark Tonner, president and CEO, Nauticol.

by Curtis Galbriath

$2-billion energy investment announced for Grande Prairie area

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