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Alberta unveils $500 million subsidy for companies building petrochemical processing plants

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CALGARY C Petrochemical companies have begun arranging to apply for the Alberta government’s new $500-million subsidy program meant to bring more “value-added” jobs to the province. Alberta Economic Development and Trade Minister Deron Bilous and Energy Minister Marg McCuaig-Boyd announced the new program Monday, which would give companies building new petrochemical plants as many as $500 million in royalty credits. ...

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