CALGARY, June 28, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A)
("Keyera") announced today that operational issues at its Alberta EnviroFuels
facility have resulted in the plant being shut down for repairs.
The facility was taken offline on June 15( )to address operational problems
that could not be resolved while the plant was running. Since that time, staff
at the facility have been working to resolve the problem. Re-assembly of the
process unit will begin shortly and Keyera anticipates that the facility will
resume production of iso-octane in early July and reach normal production by
mid-month. This schedule assumes that the re-assembly goes as planned and
that the plant resumes production without any further complications.
The impact on iso-octane sales was minor in June, as the majority of product
had been shipped to customers prior to the outage. Existing iso-octane
inventory is available to meet a portion of July sales and Keyera expects to
resume regular sales and deliveries once the facility is back on line.
This document contains forward-looking statements based on management's
current expectations and assumptions relating to Keyera's business, the
environment in which it operates, anticipated timing and closing of the
acquisitions and the future operations and performance of the assets. As these
forward-looking statements depend upon future events, actual outcomes may
differ materially depending on factors such as: satisfactory resolution of the
operational problems at the facility; resumption of stable operations at the
facility on schedule; operating capacity facility; future operating results of
the assets; Keyera's ability to execute its strategic initiatives;
construction and input costs; weather conditions; construction scheduling
variables; commodity supply/demand balances and prices; activities of
producers, competitors, customers, business partners and others; overall
economic conditions; access to capital and financing alternatives; operational
risks in developing and producing natural gas; and potential delays or changes
in plans with respect to development projects or capital expenditures or the
results therefrom; the legislative, regulatory and tax environment; and other
known or unknown factors. There can be no assurance that the results or
developments anticipated by Keyera will be realized or that they will have the
expected consequences for or effects on Keyera.
About Keyera Corp.
Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) operates one of the largest natural gas
midstream businesses in Canada. Its business consists of natural gas
gathering and processing as well as the processing, transportation, storage
and marketing of Natural Gas Liquids (NGLs), the production of iso-octane and
crude oil midstream activities.
Keyera's gas processing plants and associated facilities are strategically
located in the west central, foothills and deep basin natural gas production
areas of the Western Canada Sedimentary Basin. Its NGL and crude oil
infrastructure, including pipelines, terminals and processing and storage
facilities, as well as its iso-octane facility, are located in Edmonton and
Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets
propane, butane, condensate and iso-octane to customers in Canada and the
For further information about Keyera, please visit our website
atwww.keyera.com or contact:
John Cobb, Vice President, Investor Relations, or Julie Puddell, Manager,
Investor Relations E-mail:firstname.lastname@example.org Telephone: (403) 205-7670 Toll Free:
(888) 699-4853 Facsimile: (403) 205-8425
SOURCE: Keyera Corp.
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