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"Incremental Ethane Extraction Regulation "

Incremental Ethane Extraction Regulation

This regulation is made under the Mines and Minerals Act to help sustain and grow the petrochemical industry in Alberta. It allows petrochemical companies to apply for and earn credits for consuming incremental ethane in the manufacturing of value-added products, such as ethylene, polyethylene, and other derivatives. Petrochemical companies receiving credits under this regulation may use their credits to reduce royalties owing to the Crown in right of Alberta under the Natural Gas Royalty Regulation, 2009, and the Oil Sands Royalty Regulation, 2009, or apply to the Minister to allocate their credits to another royalty client or operator.
 
    Chapter/Regulation: 150/2007
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Energy
    Current to 43/2011
    Item/ISBN#: 9780779778591
    Pages 7
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