- Keyera (KEY) and CN (CNR) will evaluate the creation of a clean energy terminal in Alberta
- The proposed facility would allow industrial players to access low-cost sustainable energy products for key markets domestically and globally
- Once finalized, the facility would be equipped to handle six high-capacity trains per day
- Canadian National Railway transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year
- Keyera operates an integrated Canadian-based energy infrastructure business focused on natural gas and iso-octane
- CN (CNR) closed up by 0.15 per cent trading at $165.23 per share
- Keyera (KEY) closed down by 1.02 per cent trading at $31.90 per share
Keyera (KEY) and CN (CNR) will evaluate the creation of a clean energy terminal.
The memorandum of understanding seeks to aggregate clean energy products from key Alberta operators for transport to domestic and international markets.
The companies intend to construct the facility on their own land leveraging the CN rail network as well as neighboring infrastructure.
Once finalized, the facility would be equipped to handle six high-capacity trains per day.
“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.”
“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 Dean Setoguchi, Keyera’s President and CEO.
Canadian National Railway transports more than 300 million tons of natural resources, manufactured products and finished goods throughout North America every year.
Keyera operates an integrated Canadian-based energy infrastructure business focused on natural gas and iso-octane.
CN (CNR) closed up by 0.15 per cent trading at $165.23 per share.
Keyera (KEY) closed down by 1.02 per cent trading at $31.90 per share.
