Adding value to Alberta’s energy resources benefits all aspects of the province’s economy.
Petrochemical processing currently generates $2.06 billion a year toward the gross domestic product, $432 million annually in revenue to provincial and federal governments and 7,700 direct, stable and high-paying jobs.
In turn, this contributes to Alberta’s and Canada’s productivity, quality of life and community infrastructure and services such as roads, schools, hospitals, police and fire fighters and other public facilities and programs.
A report commissioned in 2013 – Economic Impacts of Adding Value to Alberta’s Hydrocarbon Resources - estimated the potential economic impacts of expanding value added processing. The report estimated that adding value to Alberta’s energy resources could increase the province’s gross domestic product (GDP) by $6 billion a year, create 18,000 new jobs that pay $1.8 billion a year in salaries and increase provincial revenue by $600 million a year.
Click on the icons below for further details on the benefits of value adding.
Clean Energy Products
Increasing energy processing at home allows Alberta to reduce its environmental footprint and showcase its environmental standards as a secure supplier of clean energy products.
Building Alberta's energy processing industry drive new businesses, create new and stable jobs and strengthen communities.
By increasing our energy processing capacity and the types of products made in our province, we can grow the economy in Alberta and across Canada.
Secure Energy Value
Processing our energy resources creates long-term, secure markets for our energy products at home and around the world.