Keyera Corp is a Canadian company that operates in the NGL Fractionation & Marketing sector. The company is focused on the processing, storage, and transportation of natural gas liquids (NGLs) and crude oil. Keyera is a leading provider of these services in Canada, with a strong presence in the Western Canadian Sedimentary Basin.
The company's operations are focused on three key areas: NGL Infrastructure, Marketing, and Gathering & Processing. Keyera's NGL Infrastructure segment includes the operation of several NGL fractionation facilities, as well as storage and transportation assets. The Marketing segment is responsible for the sale and distribution of NGLs, while the Gathering & Processing segment focuses on the gathering and processing of natural gas.
Keyera is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030, and to achieve net-zero emissions by 2050. To achieve these goals, Keyera is investing in renewable energy and other decarbonisation technologies.
One of the ways Keyera is working towards decarbonisation is through the use of corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from producers, often at a lower cost than traditional sources of energy. Keyera has signed several PPAs with renewable energy producers, including wind and solar power projects.
In addition to PPAs, Keyera is also investing in renewable energy projects of its own. The company is currently developing a solar power project in Alberta, which will generate up to 40 megawatts of clean energy. This project will help Keyera reduce its reliance on traditional sources of energy and move towards a more sustainable future.
Keyera is also exploring other ways to reduce its carbon footprint, such as through the use of carbon capture and storage (CCS) technology. CCS involves capturing carbon dioxide emissions from industrial processes and storing them underground, preventing them from entering the atmosphere. Keyera is currently evaluating the feasibility of CCS at its facilities, and is working with industry partners to develop and implement this technology.
In addition to its commitment to decarbonisation, Keyera is also focused on corporate energy management. The company has implemented several energy efficiency initiatives at its facilities, including the use of LED lighting, energy-efficient HVAC systems, and the optimization of equipment and processes. These initiatives have helped Keyera reduce its energy consumption and operating costs, while also reducing its environmental impact.
Overall, Keyera Corp is a leading player in the NGL Fractionation & Marketing sector in Canada, with a strong commitment to decarbonisation and corporate energy management. The company's investment in renewable energy and other decarbonisation technologies, as well as its focus on energy efficiency, demonstrate its commitment to sustainability and a more sustainable future.