- Keyera Corp. (TSX:KEY) has completed the KAPS pipeline, Alberta’s newest natural gas liquids (NGLs) and condensate pipeline spanning 575 km
- The KAPS pipeline will transport 350,000 barrels per day of NGLs and condensate from the Montney and Duvernay basins to Keyera’s liquids processing and storage hub in Alberta’s Industrial Heartland
- The Calgary-based company’s goal with KAPS is for the pipeline to play a key role in positioning Alberta as an integral conduit for petrochemical and upgrading feedstock in the region
- Keyera Corp. opened trading at C$30.56 per share
Keyera Corp. (TSX:KEY) has completed the KAPS pipeline, Alberta’s newest natural gas liquids (NGLs) and condensate pipeline spanning 575 kilometres.
The KAPS pipeline will transport 350,000 barrels per day of NGLs and condensate from the Montney and Duvernay basins to Keyera’s liquids processing and storage hub in Alberta’s Industrial Heartland, the largest industrial area in Western Canada, located in Fort Saskatchewan.
The Calgary-based company’s goal with KAPS is for the pipeline to play a key role in positioning Alberta as an integral conduit for petrochemical and upgrading feedstock in the region.
KAPS is operated by Keyera and 50 per cent owned by Stonepeak, an alternative investment firm that specializes in infrastructure and real assets.
“The completion of the KAPS pipeline represents a significant milestone in the expansion of natural gas production in Western Canada. As natural gas continues to be a key contributor to the global energy mix and energy transition, especially in East Asia, we believe that KAPS has a critical role to play,” senior managing director at Stonepeak, Anthony Borreca, said in a news release. “KAPS has the ability to support decarbonization and energy security goals on a local and global level and we look forward to continuing to partner with Keyera as responsible stewards of this asset as production gets underway.”
Keyera Corp. is one of Canada’s largest independent midstream businesses. The company operates through three segments: gathering and processing, liquids infrastructure, and marketing.
Keyera Corp. opened trading at C$30.56 per share and its stock is up 3.86 per cent in the past year.
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