Alberta Envirofuels Inc

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Description

Keyera Announces Closing of Alberta EnviroFuels Acquisition | Keyera Corp.

CALGARY, Jan. 19, 2012 /CNW/ - Keyera Corp. (TSX: KEY) (TSX: KEY. DB. A)
("Keyera") announced today it has closed its acquisition of Alberta
EnviroFuels ("AEF"), an iso-octane manufacturing business located in
Edmonton, Alberta. As part of the transaction, Keyera acquired a 13,600 barrel per day
iso-octane manufacturing facility; pipelines associated with the
facility; and iso-octane sales agreements with major refiners. Keyera
also entered into multi-year agreements with Chevron Standard Limited
and its affiliates relating to sales, transportation, downstream
processing, and shipping of iso-octane. The purchase price of US$193. 7
million, plus working capital of US$43. 2 million primarily related to
butane and iso-octane inventories, was funded using existing cash flow
and Keyera's bank credit facility. AEF is the largest iso-octane manufacturing facility in the world. The
facility uses butane as the primary feedstock and is connected by
pipeline through Keyera's Edmonton Terminal with the rest of Keyera's
NGL infrastructure in the Edmonton/Fort Saskatchewan area.

Contacts

Phone
+17804497800

Address:
9511 17 St NW, Edmonton, AB T6P 1Y3

Website:
https://www.keyera.com/investors/news/keyera-announces-closing-of-alberta-envirofuels-acquisition/