Keyera to take majority interest in Alberta gas plant

Keyera Corp., Calgary, will pay $65 million (Can.) to buy a 70.79% ownership interest in the Ricinus deep-cut gas plant in west-central Alberta.

The company did not name the seller, but 2014 data from the Alberta Energy Regulator shows a Ricinus gas plant of similar capacity owned by Apache Canada Ltd. Neither company responded to inquiries by OGJ presstime.

The sweet-gas processing plant, which is 22 km south of Keyera’s 275-MMcfd Strachan deep-cut gas plant, is able to extract a C₃+ mix of NGLs. Current operating capacity is about 124 MMcfd, compared with to licensed capacity of 221 MMcfd, because only one of two NGL trains is operating, the company said. The plant underwent a turnaround in September.

Keyera will operate the Ricinus plant and plans to restart the second NGL train. Keyera also plans to build a pipeline connecting the Ricinus and Strachan plants and to invest in associated gas gathering.

The company’s gas plants operate in the west central, foothills, and deep basin gas areas of the Western Canada Sedimentary Basin. Its NGL and crude oil infrastructure, including pipelines, terminals, processing, and storage, as well as its iso-octane facility, are in Edmonton and Fort Saskatchewan.

Keyera markets propane, butane, condensate, and iso-octane to Canada and the US.

Fonte: http://www.ogj.com