Keyera, CN, AltaGas advance strategic Canadian rail project

Canada

CALGARY, May 21, 2026 – Keyera, CN and AltaGas have announced plans to advance the Alberta Corridor Export (ACE) Rail Terminal Project to connect Canada’s Fort Saskatchewan region with export markets on the west coast.

The terminal will provide transportation capacity of approximately 45,000 bpd of propane and butane from mid-2028, and is designed to allow for expansions to accommodate larger volumes and additional energy products.

The in-service date is expected to coincide with the completion of Keyera’s KFS Fractionation III project, which will add 47,000 bpd of capacity to the company’s core fractionation hub in Fort Saskatchewan.

“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 demand,” said Keyera president and CEO Dean Setoguchi.

The terminal will be owned by Keyera and is being constructed on land owned by the company in Alberta’s Industrial Heartland and supported by long-term commercial arrangements with AltaGas and CN. Keyera will make an initial investment of USD 174 million towards the project.

“The ACE Rail Terminal is strategic, trade-enabling infrastructure that will add efficient and scalable capacity between the Alberta Industrial Heartland and West Coast gateways, particularly the Port of Prince Rupert, as key energy export projects approach completion,” said Tracy Robinson, president and CEO of CN.

Keyera owns and operates infrastructure for gathering, processing, storing and delivering natural gas and NGLs across Western Canada. AltaGas is a midstream and utility company with gas processing, fractionation, logistics and distribution assets in Canada and the US. CN operates a rail network in Canada and the US that serves ports on the Atlantic, Pacific and US Gulf coasts.

Photo by Philip Ho