A reported $18 billion worth of potential projects are slated for parts of Alberta’s Industrial Heartland located in Strathcona County, reported the Alberta’s Industrial Heartland Association (AHIA) executive director.
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EDMONTON – A mothballed upgrader in Strathcona County may yet be revived despite a major setback to the builder, Value Creation, which just lost half its bitumen reserves in the Fort McMurray area.
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Forget the nickname “Upgrader Alley.” The term was coined when eight bitumen upgraders were planned for construction in the region immediately northeast of Edmonton. Since the financial meltdown of 2008, the moniker no longer fits.
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Wave goodbye to the bitumen upgrader.
Hold a funeral for the giant “pre-refineries” that, until 10 years ago, were still expected to dot Alberta’s Industrial Heartland around Fort Saskatchewan, each employing thousands of construction workers for years on end, each pumping $7 billion or more into the Alberta economy.
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EDMONTON – A labour group on Tuesday urged a government committee to support construction of new upgraders to stop oil conglomerates who want to “rip and ship” Alberta’s resources.
The Standing Committee on Alberta’s Economic Future also heard from an industry group that said market forces alone should decide whether a new upgrader is necessary, and from a project proponent who would benefit from provincial support.
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Strathcona County watched in dismay as the plans for half-a- dozen upgraders disappeared with the 2008-09 global meltdown, recalls Mayor Linda Osinchuk.
But these days, there’s some optimism that at least two of the projects are possible — reviving the mothballed Heartland, also called the B.A. upgrader, already partially built by Calgary-based Value Creation Inc.; and the North West upgrader near Redwater that will turn bitumen into diesel.
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