Keyera, AltaGas, and CN Launch $240M Rail Terminal to Boost Canadian Energy Exports

Event summary

  • Keyera, AltaGas, and CN are partnering to build the Alberta Corridor Export (ACE) Rail Terminal, a $240M project to enhance Canadian energy exports.
  • The terminal, located in Alberta’s Industrial Heartland, will have an initial capacity of 45,000 barrels per day of propane and butane, with scalability for additional energy products.
  • Construction is underway, with an expected in-service date of mid-2028, aligning with Keyera’s KFS Fractionation III project.
  • The project includes a unit train capable rail loop design to improve efficiency and reduce transportation costs.

The big picture

The ACE Rail Terminal project is a strategic move to strengthen Canada’s energy supply chain and enhance its competitiveness in global markets. By integrating Keyera’s fractionation capabilities, AltaGas’ export platform, and CN’s rail network, the partnership aims to create a more efficient and scalable solution for transporting energy products. This initiative reflects a broader trend of infrastructure investments aimed at improving market access and operational efficiency in the energy sector.

What we're watching

Execution Risk
The pace at which construction progresses and whether the project stays on schedule and within budget.
Market Demand
How global LPG demand evolves and whether it supports the scalability of the ACE Rail Terminal.
Competitive Dynamics
Whether this partnership strengthens Canada’s position in the global energy market against competitors.