Keyera Corp. and Shell Canada Limited have signed a memorandum of understanding (MoU) to collaborate on potential low-carbon projects in Alberta's Industrial Heartland. This collaboration would leverage existing assets, adjacent lands, and strong leadership to support industry's journey to a lower-carbon future and attract new investment opportunities to the region.

Together, Keyera, an experienced midstream player, and Shell will explore opportunities to build a future open access gathering and distribution network to transport captured CO2 from Keyera and other operations in the region to Shell's proposed Polaris CCS storage hub for safe, reliable, and economic storage. Keyera would also leverage an existing pipeline capable of transporting hydrogen to complement a hydrogen manufacturing and distribution network within the region. These ventures would provide Keyera, and industry, the opportunity to meaningfully decarbonize their operations.

Together, Keyera's assets and Shell's capabilities would further strengthen the development of Canada's low-carbon future.