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Keyera and CN Rail Evaluate Alberta Terminal Project

Keyera Corp. and Canadian National Railway Co. entered into a contract to explore the construction of a rail terminal in Alberta to ship energy products.

The companies said they signed a memorandum of understanding to explore the construction of a project in Alberta's industrial heartland.

They say the new infrastructure will aggregate conventional clean energy from multiple sources.

READ MORE: Keyera names Dean Setoguchi as next CEO, Smith retires at end of 2020

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

The plan calls for facilities to be built on adjacent land belonging to Keyera and CN.

READ MORE: CN Rail Report Records Second Quarter Earnings Despite Rising Transportation Costs

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Once completed, the facility is envisioned to handle six inbound and outbound high-capacity trains each day.

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