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Keltic Petrochemicals receives Federal Environmental approval
13
Jun '08
After an extensive review, the federal government has granted approval to Keltic Petrochemicals Inc. (Keltic) to proceed with the C$4.5 billion integrated petrochemical project planned for Goldboro, Nova Scotia.

"This project has undergone rigorous review by all levels of government and the public," said Company President, Kevin Dunn.

"The conditions placed on the federal approval, together with the conditions placed on the approval at the provincial level, will ensure the facility will be constructed and operated in an environmentally sound manner," he added.

Included in the conditions of approval is the requirement for the company to submit further documents to be reviewed by various regulatory agencies, including an environmental protection plan, a site security plan, a marine simulation exercise and a marine terminal manual, in addition to provisions for an emergency evacuation plan.

Keltic is pursuing the project in strategic partnership with LyondellBasell Industries, a global leader in polyolefin technology, production, and marketing.

When completed, the facility will consist of ethylene, polyethylene, propylene, and polypropylene plants as well as a supporting cogeneration plant.

Lloyd Hines, Warden of the Municipality of the District of Guysborough said, "I congratulate Keltic for their perseverance in bringing this project forward.

This is a great announcement for our community and for our province. This project will bring many benefits to the county during both the construction and operations phases."

"This is good news for Keltic. Keltic still has a lot of work to do but we're up to the challenge and looking forward to an exciting next few years," noted Mr. Dunn.

Keltic Petrochemicals Inc


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