Canada announces first major investment tax credit project


By Lin Wei

OTTAWA, Nov. 29 (Xinhua) -- The Canadian government announced Wednesday its first major investment tax credits to support Dow to build the world's first net-zero emission petrochemical facilities in Fort Saskatchewan, Alberta.

Chrystia Freeland, deputy prime minister and minister of finance, said in a news release that Dow's implementation of clean technologies will be supported by up to 400 million Canadian dollars (295 million U.S. dollars) from Canada's Carbon Capture, Utilization, and Storage investment tax credit and Clean Hydrogen investment tax credit.

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