Economic and Social Benefits
Close to $1 million per day of additional revenue will be realized by producers from the extraction of NGLs (propane, butane, condensate).
Close to $1 million per day of value will be created through the conversion of ethane to ethylene in the ethylene value chain.
The WCOL Projects are an important first step to add value to BC’s natural gas industry and to provide economic diversification into a new industry segment.
Driving Growth and Quality Jobs in the Community
In Alberta, the petrochemical industry began in the late 1970’s and has provided steady growth for cities like Red Deer and Sherwood Park for over 40 years. By comparison, Prince George has not seen growth since the early ‘80s.
The petrochemical industry creates high quality, long lasting employment within the community - Jobs that pay, well above average, help to strengthen the local economy.
Direct Economic Impacts
Our Projects will diversify the local economies in Northern British Columbia. This will provide a variety of opportunities for the local communities.
Job Opportunities for Skilled Workers
Our projects provide new opportunity for existing workers and workers entering the work force. UNBC is the only degree granting university located in Northern B.C, this provides opportunities to recent graduates.
indirect Economic Impacts
Diversification of the British Columbia economy does not only benefit the industries being introduced, existing local businesses and industries will see a large benefit due to increased population, stronger economy, and more.
Increased use of Hospitality Services
WCOL's projects will attract skilled workers to the Northern British Columbia area. This will result in more business to all hospitality sections; restaurants, hotels, travel and tourism.