The primary constraint to an expansion of the Canadian petrochemical industry is the lack of government incentives offered by other jurisdictions, most notably state governments in the U.S., attendees were told at the recent two-day CERI 2017 Petrochemical Conference.

Allan Fogwill, president of the Canadian Energy Research Institute, said there is a lot of optimism within the national industry, but that rosy feeling hasn’t translated into capital investment yet, with most of the activity in 2017 taking place in the U.S., particularly the Gulf Coast states.

“There’s been over $200 billion in investment over the last couple of years in the United States, but only roughly $1 billion in investment in Canada. Given that Canada is one-tenth the size, we should be seeing something in the $20 billion range,” Fogwill told Hart Energy.

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