Another CBR Terminal Near Edmonton, Alberta

And yet another CBR facility in the west Canadian oil sands.

The Oil & Gas Journal is providing the following data points:

• joint venture between Keyera Corp and Kinder Morgan Energy Partners LP
• cost: $65 million
• anchor: 5-year agreement with major refiner
• CBR facility at Edmonton, Alberta -- the Alberta Crude Terminal
• destination: North American refineries
• collocated with Keyera's Alberta Diluent Terminal
• 20 loading bays; total 40,000 bopd into tank cars
• Canadian National Railway and Canadian Pacific Railway
• eyeing possible expansion of up to 125,000 bopd of additional crude loading capacity AND the addition of a diluent recovery unit
• additional modifications to pipeline and facilities (unrelated to new project)

Two comments:

• the "CBR laboratory" has its genesis in the Bakken, specifically EOG's terminal at Stanley, ND
• the diluent will most likely come up from the Eagle Ford in Texas, and possible from the Bakken

Again, killing the Keystone XL may have been the gift that keeps on giving.

I am waiting for the president's announcement that with regard to the Keystone XL 3.0 application, the determination has been made that no determination is necessary.