I agree. If AB can’t get access to tidewater for crude, then having a petrochemical industry at home makes sense.
And 12% of eligible capex, not to be paid until the facility is producing? That isn’t bad based on a quick back of the envelope calculation. Let’s assume that about a third of capital expenditure is labour and add 10% engineering and project management, and that is all taxed at 36%. The province is ahead by startup.
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