Keyera Corp. (TSX:KEY)Energy
Keyera Corp is a midstream energy company with integrated assets, including liquids pipelines, gas plants etc.
The business operations include gathering and processing natural gas in the Western Canada region, marketing, transportation and storage of natural gas liquids, crude oil and natural gas byproducts. Keyera Corp does not undertake the exploration or drilling of oil and gas.
The company operates over 15 natural gas processing plants and 500 kilometres of NGL pipelines.
Its expertise lies in natural gas, propane, condensate, Butane and Iso-octane.
The pipeline infrastructure includes 17 underground caverns, interconnected transportation and storage facilities in Edmonton and Fort Saskatchewan, and terminalling services.
The company operates an integrated value chain of extensive assets related to energy infrastructure like NGL pipelines, terminals, gas plants, fractionation and storage facilities. It connects producers with key markets and customers with products.
At its processing plants, the company isolates ethane, an essential constituent of natural gas, which becomes a key component in all kinds of plastic like medical-grade plastic, helmets, electronics, etc. The ethane is processed to be later used in antiseptics, X-rays and MRIs, soap, sanitizers, IV Bags and ventilators.
It also processes natural gas to create industrial chemicals used in resins, dyes, coatings and plastics.
The company, on its website, mentions potential uses of natural gas in the agriculture industry like heating barns and greenhouses, drying crops, fertilizers, and powering machinery and equipment.
The other sectors include manufacturing, transportation, electronic products, power generation, plastic production, pharmaceuticals, industry, sterile food packaging and certain household goods.
The mid-streaming firm started publicly trading on the Toronto Stock exchange in 2003. It trades under the ticker ‘KEY’.
Before 1998, most of the company's assets were operated and built by Gulf Canada Resources Limited and Chevron Canada Resources. The energy company underwent a series of structural changes in the following decade.
The company changed its name to Keyera in 2005, which stands for ‘key facilities for a new era”.
Keyera Corp. The Ampersand, West Tower 200 144 – 4th Avenue SW Calgary, Alberta T2P 3N4