Canada announces first major investment tax credit project ...Middle East

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OTTAWA: 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, reported Xinhua.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 (US$295 million) from Canada's Carbon Capture, Utilisation, and Storage investment tax credit and Clean Hydrogen investment tax credit.The federal government is delivering these major investment tax credits on a priority basis, with legislative implementation concluding in 2024, acco

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