Canada's Keyera invests in rail infrastructure for propane, butane exports. Stefan Baumgarten 20-May-2026 TORONTO (ICIS)-Canadian midstream energy company Keyera is investing Canadian dollar (C$) 240 million (US$174 million) in a rail terminal project in Alberta province with a transportation capacity of about 45,000 bbl/day of propane and butane, it said on Wednesday. The propane and butane will be shipped from the Fort Saskatchewan region in Alberta to export facilities in British Columbia on Canada's West Coast. The "Alberta Corridor Export (ACE) Rail Terminal Project" is expected to come into service in mid-2028, aligned with the completion of Keyera's 47,000 bbl/day "KFS Fractionation III" project at the Fort Saskatchewan natural gas liquids (NGL) and petrochemicals hub. ACE will be owned and constructed by Keyera on Keyera-owned lands, and it will be supported by long-term commercial arrangements with energy infrastructure company AltaGas and rail carrier Canadian National (CN). "This project reflects our continued focus on strengthening and extending Keyera's integrated value chain while providing customers with an efficient solution to diversify market access and benefit from growing global LPG [liquefied petroleum gas] demand," said Keyera CEO Dean Setoguchi. (US$1=C$1.38) Front thumbnail of Keyera rail storage Global news + ICIS chemical business (ICB). See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry. Related commodity market analysis and insight. Contact Comah.org. Partnering with ICIS unlocks a vision of a future you can trust and achieve. Comah.org leverage its unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics. Contact Comah.org to learn how Comah.org can support you as you transact today and plan for tomorrow.

Keyera Corp. announced the closing of its $2.3 billion Senior Notes and $500 million Hybrid Notes offerings. The proceeds will help fund the $5.15 billion acquisition of Plains Midstream Canada ULC's NGL business, expected to close in Q1 2026. If the acquisition doesn't close by June 30, 2026, the Notes may be subject to a special mandatory redemption. The Notes were offered privately in Canada, and Keyera plans a consent solicitation to amend existing hybrid notes.