CN, Keyera to Evaluate Creation of Alberta Clean Energy TerminalWritten by Carolina Worrell, Senior Editor
CN and Canadian-based oil and gas operator Keyera Corp. (Keyera) announced on Aug. 17 the signing of a Memorandum of Understanding (MOU) to jointly evaluate the creation of a specialized clean energy terminal in Alberta’s Industrial Heartland (AIH). The new infrastructure, CN says, would “aggregate conventional and clean energy from multiple sources to support transportation of Alberta’s diverse energy products and further strengthen the development of Canada’s green energy future.”
According to the Class I, the proposed first-class facility would create a safe and efficient solution for industrial players to connect and transport a range of specialized low-cost sustainable energy products to key markets domestically and globally.
The high throughput, state-of-the-art facility would be built on adjoining lands belonging to Keyera and CN. According to the railroad, the benefits of this strategic location include an “unparalleled opportunity” for product aggregation through proximity to large industrial operators; existing infrastructure to support the terminal and its customers, including carbon sequestration; and direct access to the CN rail network. Upon completion, CN says, the facility—“the most efficient rail logistics solution in AIH”—would be capable of handling six inbound and outbound high-capacity trains daily.
“This project capitalizes on a core CN strength: sustainably moving Canadian natural resources safely and efficiently to domestic and international markets” explained CN President and CEO Tracy Robinson. “We are pleased to be working with Keyera on this project, which will benefit Alberta and the Canadian economy. The project will offer a unique opportunity to aggregate products from multiple producers and will provide an efficient mechanism to not only support Canadian industry but also further global energy transition.”
“This agreement builds on the strengths of each partner and allows for the most efficient solutions for the industry to achieve both the needs of today’s market and the future of clean energy,” added Keyera President and CEO Dean Setoguchi. “Together, Keyera and CN demonstrate how collaboration is key to creating sustainable solutions, meeting the evolving needs of our customers, and transporting high value products locally and abroad while supporting Canada’s path to net-zero.”