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Notley's $1B Upgrader Plan: Alberta Tech Company Ready to Help

Notley's $1B Upgrader Plan: Alberta Tech Company Ready to Help

The recent announcement by the Alberta government to invest $1B in grants and loan guarantees to partially upgrade its bitumen, is great news for the Alberta energy industry. As a landlocked province with no access to tidewater for access to diverse markets, and no pipeline to transport its bitumen, Alberta is not getting full value for its products. It’s the government’s hope and expectation that this will incentivize a further $5B in private investment to build and improve the local upgrader infrastructure.

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While $5B sounds like a lot of money on the surface, upgraders are an expensive undertaking, especially when you compare it to the $185B invested in the refining sectors of the US Gulf Coast over the past 10 years. Additionally, investors need to be confident that their money is being spent carefully and strategically, and it’s not being misspent on unnecessary cost overruns. 

Robust operational tools for managing and controlling the costs on upcoming upgrader projects therefore, need to be in place to negate the chance of cost overruns, and maximize the productivity and efficiency of how these projects are run. These will be high-profile projects, and at 4castplus we want to make certain they’re an enormous success. Alberta’s economic future relies on its ability to ship its products; and projects like these are part of a greater strategy to ensure that its capacity to do that is guaranteed for the long run.


Position Yourself for Success

See how technologies like 4castplus are well positioned to help companies across Alberta take on the extra workload.  Watch the video below. To learn about 4castplus, click here.

By Joe Vanderhoot | March 07, 2018 | Categories: Construction Cost Tracking, Construction project software, construction project tracking software, Engineering, engineering procurement construction management so, engineering software, engineering project management software, engineering procurement software, engineering procurement contstruction, engineering procurement construction management, engineering procurement construction, engineering procurement, project cost reporting, project cost controls software, project cost management software, project cost management, project cost tracking software, Real-time project cost tracking, project tracking software, software for epcm, cost tracking software, construction cost tracking software, cost management software, project management cost control, jobsite tracking software, project cost management solution, construction project cost control, software procurement management, cloud procurement software, job costing software for construction, construction job costing software, construction cost tracking for energy projects, procurement system, online procurement management software, project cost overruns, Alberta Energy, Alberta, Notley Government, Bitumen | 0 Comments

About the Author: Joe Vanderhoot

Joe Vanderhoot

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