Keyera and Canadian National Railway to evaluate Alberta terminal project

Keyera Corp. and Canadian National Railway Co. have signed a deal to evaluate building a rail terminal in Alberta to ship energy products. CN rail trains are shown at the CN MacMillan Yard in Vaughan, Ont., on Monday, June 20, 2022. THE CANADIAN PRESS/Nathan Denette

CALGARY — Keyera Corp. and Canadian National Railway Co. have signed a deal to evaluate building a rail terminal in Alberta to ship energy products.

The companies say they have signed a memorandum of understanding to look at the construction of a project in Alberta’s industrial heartland.

They say the new infrastructure would aggregate conventional and clean energy from multiple sources.

Keyera CEO Dean Setoguchi says the agreement builds on the strengths of each partner.

The plan calls for facility built on adjoining lands belonging to Keyera and CN.

It envisions a facility capable of handling six inbound and outbound high-capacity trains daily, once complete.

This report by The Canadian Press was first published Aug. 17, 2022.

Companies in this story: (TSX:CNR, TSX:KEY)

The Canadian Press

News from © The Canadian Press, 2022. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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