Under the terms of the agreement, Keyera will transport diluent by pipeline from supply sources in the Edmonton area to a diluent delivery pipeline north of Fort Saskatchewan for delivery to the Kearl site located near Fort McMurray. Keyera will also provide diluent storage and rail offload services at the Alberta Diluent Terminal (“ADT”) and the Edmonton Terminal, both owned 100% by Keyera, as well as at the Keyera operated Fort Saskatchewan Fractionation and Storage Facility (“KFS”). To provide these services to Imperial, Keyera will construct additional pipeline connections and pumping and metering facilities to extend and enhance its existing infrastructure.
Keyera Announces Transport and Storage Deal with Imperial
11.18.2009 - NEWS
Keyera Facilities Income Fund announced Thursday that it has entered into a long-term agreement with Imperial Oil Resources Ventures Limited to provide diluent transportation, storage and rail offload services in the Edmonton/Fort Saskatchewan area for Imperial's Kearl oil sands project. Diluent is a light hydrocarbon, most often condensate, which is blended with bitumen to enable it to flow via pipeline to upgrading facilities. This agreement will provide Keyera with secure, long-term, fee-for-service revenues, beginning in late 2012, as well as the potential to generate significant incremental new business opportunities.
