Williams Cos. Inc. (NYSE: WMB) said March 23 it has launched a second offgas processing plant in Alberta, advancing its "unique position" in Canada.

The new offgas liquids extraction plant boosts domestic production of petchem feedstocks and significantly reduces emissions in the oil sands production process while recovering valuable NGL and olefins, the release said.

The plant was designed to reduce CO2 emissions from oil sands production facility by about 200,000 tonnes per year. It will also add 15,000 barrels per day, or 60%, to Williams' NGL production capacity in Canada.

Williams said the plant is a key asset in the Tulsa, Okla.-based company's unrivaled value-add Canadian midstream and petchem business backed by multi-decade contracts.