Keyera to Expand C3+ Fractionation Capacity at Fort Saskatchewan

CALGARY, Jan. 8, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced 
today that it is proceeding with an expansion at its NGL fractionation and 
storage facility in Fort Saskatchewan ("KFS"). The project will involve more 
than doubling the facility's existing C3+ fractionation capacity from 30,000 
barrels per day to 65,000 barrels per day. 
In conjunction with the fractionator, the project will include the 
construction of new product receipt facilities, operational storage and 
pipeline interconnections. The estimated total gross cost for the project is 
approximately $220 million. Detailed engineering work is currently underway 
and Keyera is targeting completion in the first quarter of 2016. 
"We are pleased to be proceeding with this expansion at KFS," said David 
Smith, President and Chief Operating Officer of Keyera. "This project will 
enhance our integrated service offering in the Fort Saskatchewan area, 
allowing our customers to turn their NGL production into cash flow." 
Long-term agreements provide commercial support for the project and Keyera is 
currently in negotiations with other producers for the remaining capacity. 
The new fractionator will be capable of handling a C3+ mix stream of NGLs (a 
mixture of propane, butane and condensate). This incremental C3+ mix 
fractionation capacity is in addition to the de-ethanizer project currently 
under construction at KFS, which will allow Keyera to fractionate 
approximately 30,000 barrels per day of a C2+ mix stream (a mixture of ethane, 
propane, butane and condensate). Both of these expansions will provide NGL 
producers with additional fractionation infrastructure necessary to develop 
the significant liquids-rich natural gas reserves in western Canada 
About Keyera Corp. 
Keyera Corp. (TSX:KEY) 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 
United States. 
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: satisfying the conditions in 
the agreements associated with the project; securing required pipeline 
interconnections; obtaining all necessary governmental approvals for the 
project, including the pipeline connections and associated facilities; 
securing contractual commitments for the available capacity; future operating 
results of the assets; Keyera's ability to execute its strategic initiatives; 
decisions and actions of the co-owners of KFS; 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; 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.

SOURCE  Keyera Corp. 
For further information about Keyera, please visit our website or contact: 
John Cobb, Vice President, Investor Relations and Information  Technology, or 
Julie Puddell, Manager, Investor Relations, Telephone: 
(403) 205-7670 / Toll Free: (888) 699-4853 
To view this news release in HTML formatting, please use the following URL: 
CO: Keyera Corp.
ST: Alberta
-0- Jan/08/2014 12:30 GMT
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