Making the case for petrochemicals in Western Canada

Two seasoned veterans in natural gas liquids and petrochemicals promise to untangle the complexities of Western Canada’s petrochemical industry while illustrating potential investment opportunities.

Goobie Tulk Inc. principals Gerry Goobie and David Tulk bring more than a combined 78 years of experience and knowledge to the virtual classroom for Western Canadian Petrochemicals: The Business Case on April 15.

After taking the course, attendees will have a clear understanding of the Western Canadian petrochemical and feedstock industries. The instructors will delve into the business aspects of hydrocarbon-based industries and the companies that may be attracted to investing in petrochemicals or related infrastructure in Western Canada.

Goobie said there is a lot of misunderstandings and misinformation about how the petrochemicals industry works in Western Canada. He said the industry is not well understood. The course will help clear some of the noise giving the attendees the crucial information needed to successfully navigate the industry and make informed decisions.

“It’s shining a light on many of those things that are not well understood or well known,” said Goobie, who has worked in natural gas, NGLs, gas processing and petrochemicals feedstocks for more than 40 years in Western Canada. “This way you can make a reasonably informed decision to say yes, this is worth pursuing more. And it’s a lot more cost effective to do it this way than to spend a whole bunch of money on hiring analysts or consultants. So you won’t waste time pursuing things that are not effective.”

Attendees will develop a clear understanding of the business drivers for Western Canadian natural gas and NGL production and processing as well as the requirements to compete in the petrochemical industry. They will gain insight on the long-term competitiveness of producing petrochemical products in Western Canada and where to focus business development resources and efforts to progress, or be involved as a supplier to the next wave of petrochemical projects in Western Canada.

While petrochemicals has fallen off the radar in recent days because of COVID and ESG issues, Goobie said it is a bread and butter type of business that is not going away anytime soon.

“Value-added manufacturing is a solid, reliable business that Western Canada can be very successful at and will provide good investment opportunities,” he said. “It's big. It’s complicated. There's many, many issues you need to understand about it but at the end of the day, regardless of how the world unfolds here, we’re not giving up plastic materials. It’s integral to our lifestyle in the world these days. Being a cost effective, environmentally responsible producer of these materials will go a long way to Alberta and Canada recovering economically.”

This course is designed for energy professionals interested in understanding Western Canadian NGL and petrochemicals and the potential for future investments: petrochemical project developers, gas producers, mid-streamers, investment bankers, government energy and economic development officers, petrochemical buyers and corporate business development specialists.

Register here: Western Canadian Petrochemicals: The Business Case

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