PCA Welcomes Dow’s Plans to Build Net-Zero Petrochemical Project
The Progressive Contractors Association of Canada (PCA), whose member companies build and maintain major capital and infrastructure projects across Canada welcomes Dow’s planned Path2Zero facility to be built in Fort Saskatchewan, Alberta.
Dow’s Board of Directors has approved the new project, which would be the world’s first net-zero Scope 1 and 2 greenhouse gas emissions-integrated ethylene cracker and derivatives site.
“This project puts Alberta on the leading edge in the global effort towards a greener economy,” said Paul de Jong, President & CEO of PCA. “This is a defining moment for Alberta, that is well worth celebrating.”
Construction is scheduled to begin next year. Dow expects the project to create up to 500 permanent jobs, and up to 8,000 more at the peak of construction.
Dow’s Path2Zero facility will be the first project to access the federal government’s new Investment Tax Credit Program.
PCA has been critical of the “labour component” of the program, imposed by the federal government. In order to qualify for the full Investment Tax Credit, companies must adhere to existing Building Trades Union collective agreements and an artificial “prevailing wage” which will drive up construction costs, and cause disruption across the entire construction industry.