Alberta unveils C$500 million plan to boost petrochemical industry

By Nia Williams CALGARY, Alberta (Reuters) - The Canadian oil-producing province of Alberta will offer C$500 million ($357 million) in royalty credits in a bid to attract investment in new petrochemical facilities and help diversify its ailing economy, the government said on Monday. It said the Petrochemicals Diversification Program is expected to support the construction of two or three new facilities that use propane or methane, components of natural gas, as feedstock to produce materials for