The Province of Alberta is kicking in $440 million to a Calgary company building an oil upgrading facility near Edmonton.

Premier Rachel Notley says the project will actually help increase the amount of Alberta oil making it to market.

"It adds value to our resources by creating new products that can be used at more refineries worldwide. A more flexible product. Some refineries will make gasoline, some will make jet fuel. If Alberta can make that bitumen for flexible, then it can be used in more places and we can basically get higher prices for it."

She says the $2 billion dollar project will employ 2,000 people during construction, and another 200 once it's complete.

 

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