GOVERNMENT LAUNCHES PETROCHEMICALS INCENTIVE PROGRAM

On October 30, the Government of Alberta launched the Alberta Petrochemical Incentive Program (APIP).

GOVERNMENT RELEASES NATURAL GAS VISION AND STRATEGY

The Government of Alberta’s Natural Gas Vision and Strategy will add more value to Alberta’s resources by creating the environment where industry can compete to develop the low-carbon products that modern global economies are demanding.

AIR PRODUCTS ANNOUNCES NET-ZERO HYDROGEN ENERGY COMPLE

Air Products Canada Ltd., in conjunction with the Government of Canada and the Province of Alberta, today announced a multi-billion dollar plan to build a landmark new net-zero hydrogen energy complex that will make Edmonton, Alberta the centre of western Canada’s hydrogen economy and set the stage for Air Products to operate the most competitive and lowest-carbon-intensity hydrogen network in the world.

Shell announced a proposal to build a large-scale carbon capture and storage project at its Scotford Complex in Alberta’s Industrial Heartland.

Shell announced a proposal to build a large-scale carbon capture and storage project at its Scotford Complex in Alberta’s Industrial Heartland.

FORTUNE MINERALS TO CONSTRUCT HYDROMETALLURGICAL REFINERY IN AIH

The refinery would process concentrates from the mine and produce cobalt sulphate for the rapidly expanding lithium-ion rechargeable battery industry and their use in electric vehicles, portable electronic devices, and stationary storage cells to make electricity use more efficient.

The world's first fully green electric-driven ethylene plant goes into operation, accelerating the low-carbon transformation of the petrochemical industry.

On March 26, 2026, a large-scale integrated petrochemical base in China was fully operational. Its core unit is the world's first ethylene complex with a main compressor driven entirely by renewable energy, marking a crucial step towards a green and low-carbon production model for the petrochemical industry.

The domestic petrochemical market is fluctuating at high levels, with prices of various chemical products being adjusted.

Entering April 2026, the domestic petrochemical market, influenced by multiple factors including cost support, plant maintenance, and demand rhythm, generally exhibited a high-level fluctuating trend. Prices of several fine chemical products, such as titanium dioxide and cellulose, increased, while prices of basic olefins and aromatics fluctuated slightly with changes in supply and demand.

China's first large-scale refining and chemical plant intelligent transformation project completed and put into operation

On April 1, 2026, a large-scale integrated refining and chemical base in China successfully completed its intelligent transformation project and commenced trial operation. The project encompasses core production units such as atmospheric and vacuum distillation