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UPDATE: Keyera Up As Announces Construction of Gathering Pipeline to Simonette and Plant Modifications to Increase Capacity

Keyera Corp. (KEY.TO), which operates one of the largest natural gas midstream businesses in Canada, announced two initiatives today to extend the capture area and to provide customers with enhanced processing capability at its Simonette gas plant. The first initiative is the construction of a sour gas gathering pipeline, which will be called the Wapiti pipeline, from the Wapiti region of northwest Alberta to Simonette. The second initiative involves modifications to Simonette to increase plant capacity and handle the growing quantities of NGLs and condensate being produced in the area. The capital cost of these initiatives is expected to be approximately $210 million.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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