CN, Keyera sign MOU to evaluate potential for clean energy terminal in Alberta

CN and Keyera Corp. have signed a memorandum of understanding (MOU) to evaluate the creation of a clean energy terminal in Alberta's industrial heartland in Canada.

The new infrastructure would aggregate conventional and clean energy from multiple sources to support the transportation of Alberta’s energy products and contribute to Canada's green-energy future, the two companies said today in a joint press release.

Located northeast of Edmonton, the industrial heartland was the first designated industrial zone in Alberta.

The high-throughput, state-of-the-art facility would be built on adjoining lands owned by Keyera and CN. The location's benefits include opportunities for product aggregation through close proximity to large industrial operators, existing infrastructure to support the terminal and its customers and direct access to CN's network, the companies said.

When completed, the facility would be capable of handling six inbound and outbound high-capacity trains daily, they added.

"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," said CN President and CEO Tracy Robinson.