Keyera, CN eye Alberta for new rail terminal project
A new energy terminal could be in the works for Alberta’s Industrial Heartland, a special designated industry zone that garners proponents a variety of benefits and efficiencies.
CN Rail and Keyera are considering a new terminal project near Edmonton.
Key Takeaways:
- CN Rail and Keyera are jointly exploring a new Alberta rail terminal.
- It would be built in Alberta’s first designated industrial zone and carry conventional and clean energy products.
- The companies believe it could handle six inbound and outbound trains each day.
The Whole Story:
Keyera Corp. and CN Rail announced that they have signed a deal to leverage their joint expertise to evaluate the creation of a specialized energy terminal near Edmonton. The new infrastructure would aggregate conventional and clean energy from multiple sources to support the transportation of energy products.
“This project capitalizes on a core CN strength: sustainably moving Canadian natural resources safely and efficiently to domestic and international markets,” explained Tracy Robinson, CN’s president and CEO. “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.”
Officials at CN and Keyera stated that the facility would be an 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 facility would be built on adjoining lands belonging to Keyera and CN. The companies noted that the benefits of this strategic location include opportunities for product aggregation through close 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. The companies added that the anticipate the facility would be capable of handling six inbound and outbound high-capacity trains daily.
“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,” said Dean Setoguchi, Keyera’s CEO. “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.”
