ATCO announces $2 billion gas pipeline west of Edmonton

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ATCO Ltd. plans to build a 200-kilometer natural gas pipeline along the Yellowhead Highway west of Edmonton to support a major net-zero petrochemical project near Alberta’s capital, the utility announced Wednesday.

The project, announced by ATCO subsidiary Canadian Utilities Limited, will cost more than $2 billion and is scheduled to begin supplying natural gas in early 2027.

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The pipeline will support Michigan-based Dow Inc.’s $8.9 billion Path2Zero petrochemical project in Fort Saskatchewan, according to the ATCO statement. Overall, the pipeline will create about 2,000 jobs and provide gas supply for more than $20 billion in related investments and jobs by customers, he said.

Dow’s Path2Zero project is billed as the world’s first integrated net-zero ethylene cracking and derivatives site.

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The pipeline will also add to Alberta’s natural gas network to help meet the province’s growing energy needs, ATCO said.

“As Alberta’s energy demand continues to grow, the Yellowhead Mainline will play a crucial role in strengthening Alberta’s energy infrastructure and improving access to reliable energy from one of the cleanest sources of natural gas on the planet,” said Wayne Stensby, Alberta’s chief operating officer. ATCO Power Systems.

The pipeline will run between Peers and Alta. and northeast Edmonton. Peers is a hamlet along the Yellowhead Highway, almost perfectly halfway between Jasper and Edmonton.

Canadian Utilities and its subsidiaries and affiliates have about 9,000 employees, the company said, along with $23 billion in assets.

More to comeā€¦

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