CALGARY, Feb. 21, 2017 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that its Alberta EnviroFuels facility (“AEF” or “the Facility”) located in Edmonton, Alberta has been shut down for repairs following an operational issue that developed this past weekend. Upon initial investigation, Keyera identified a damaged piece of equipment that will require repair before operations can resume. While Keyera's repair strategy is intended to minimize the amount of downtime, AEF is currently expected to be offline for approximately one month, followed by its standard multi-day start-up period once repairs are complete.
Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids processing, transportation, storage, marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
This news release contains forward-looking statements based on Keyera's current expectations and assumptions made by the management of Keyera relating to its business, the environment in which it operates, its future operations and the performance of its assets, including the Facility. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as: the exact extent of the damage to the equipment and required repairs which will not be known until the equipment can be further examined; satisfactory resolution of the operational problem at the Facility; resumption of stable operations at the Facility on schedule; availability and cost of engineering resources, crews and materials; the accuracy of the repair and maintenance schedule and cost estimates; scheduling variables; weather conditions; potential delays or changes in repair plans and associated expenditures; the regulatory 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.
For additional information on these and other factors, see Keyera's public filings on www.sedar.com. The information provided in this release is given as of the date hereof. Readers are cautioned that they should not unduly rely on forward-looking information.
SOURCE Keyera Corp.
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