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Keyera and CN Rail to evaluate Alberta terminal project

File: CN rail trains are shown at the CN MacMillan Yard in Vaughan, Ont., on Monday, June 20, 2022. Nathan Denette, THE CANADIAN PRESS

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.

Read more: Keyera names Dean Setoguchi as its next CEO, Smith to retire at the end of 2020

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

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

Read more: CN Rail reports record second-quarter revenues despite higher transporting cost

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

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