PartnershipMay 20, 2026, 07:02 AM
CN, Keyera, AltaGas Partner on $240M ACE Rail Terminal
AI Summary
CN, Keyera, and AltaGas announced plans to advance the Alberta Corridor Export (ACE) Rail Terminal Project, a strategic Canadian energy infrastructure investment. Keyera will own and construct the terminal with an initial investment of approximately $240 million, supported by long-term commercial arrangements with AltaGas and CN. The project aims to strengthen Canada’s energy supply chain by providing efficient rail solutions to West Coast export markets, with an expected capacity of 45,000 barrels per day of propane and butane upon its mid-2028 in-service date.
Key Highlights
- CN, Keyera, and AltaGas are advancing the Alberta Corridor Export (ACE) Rail Terminal Project.
- Keyera will invest approximately $240 million in the project.
- This investment includes approximately $100 million incremental to Keyera’s 2026 growth capital guidance.
- The terminal is designed to provide transportation capacity of approximately 45,000 barrels per day of propane and butane.
- The ACE Rail Terminal is expected to be in-service by mid-2028.
- The project combines Keyera’s terminal with CN’s rail network and AltaGas’ West Coast export platform.
Price Impact
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