What benefits do Albertans receive from the petrochemical industry?
Alberta benefits directly from petrochemical development through royalties received on its natural gas liquids that are used as feedstock, as well as from the energy resources used for fuel to run the manufacturing processes, such as heat and electricity. Indirect benefits of value-added manufacturing in Alberta are obtained through taxes (personal, corporate and property), higher-level jobs and the purchase of locally produced goods and services. Some estimates of the contribution made by our largest petrochemical sites are: Site Annual Revenues Employment * Average Annual Salary Municipal Taxes Average Length of Employment Fort Saskatchewan Over $3 billion Over 3,000 Full-time jobs Over $60,000 Over $11 million Over 14 years Joffre/Prentiss About $3 billion Over 1,500 Full-time jobs Over $60,000 About $8 million Over 10 years * Each full-time job is estimated to create an additional 2.
