JUNE 12, 2025 / EDMONTON, AB – Keyera Corp. is acquiring Plains’ Canadian natural gas liquids (NGL) assets, including major infrastructure in Fort Saskatchewan, in a $5.15 billion transaction. This deal strengthens Alberta’s Industrial Heartland as a hub for liquids processing and transportation.

The expanded platform will provide more reliable services, greater market access, and enhanced operational capacity while supporting local jobs and economic growth. The transaction is expected to close in Q1 2026, pending regulatory approvals, and reinforces Alberta’s leadership in NGL processing and energy infrastructure.

Read the full release here.

About Alberta’s Industrial Heartland
Alberta’s Industrial Heartland is Canada’s largest hydrocarbon processing region and most advanced carbon sequestration hub. With $50 billion in existing capital investment and more than 40 companies, AIH provides fuels, fertilizers, power, petrochemicals, hydrogen, and more to consumers around the world. Explore the people, partnerships, and potential behind Alberta’s Industrial Heartland.