Keyera Corp., AltaGas Ltd., and CN (Canadian National Railway) have announced a joint venture to build the Alberta Corridor Export ("ACE") Rail Terminal Project in Alberta's Industrial Heartland. This strategic infrastructure investment aims to bolster Canada's energy supply chain and enhance its competitiveness in global markets. The project is valued at an initial investment of $240 million by Keyera.
The ACE Rail Terminal will be owned and constructed by Keyera on company-owned land. It will integrate Keyera's terminal, CN's rail network, and AltaGas' West Coast export platform. The terminal is designed to handle approximately 45,000 barrels per day of propane and butane from the Fort Saskatchewan region to West Coast export facilities. Construction is already underway, including land clearing, with an expected in-service date in mid-2028, coinciding with the completion of Keyera's KFS Fractionation III project.
The ACE Rail Terminal will feature unit train loading capabilities, improving loading efficiency and reducing transportation costs. The design is scalable to accommodate additional energy products as market opportunities evolve. Long-term commercial agreements will support the terminal with AltaGas and CN.
According to CN President and CEO Tracy Robinson, the terminal will add crucial capacity between the Alberta Industrial Heartland and West Coast gateways, especially the Port of Prince Rupert. AltaGas President and CEO Vern Yu stated the agreement strengthens the company's energy export platform. Keyera's President and CEO Dean Setoguchi noted the project reflects their focus on strengthening Keyera's integrated value chain and providing customers efficient market access.
