Keyera Corp. (TSX:KEY) ("Keyera"), AltaGas Ltd. (TSX:ALA) ("AltaGas") and CN (TSX:CNR) (NYSE:CNI) today announced plans to advance the Alberta Corridor Export ("ACE") Rail Terminal Project (the "Project"), a strategic Canadian energy infrastructure investment designed to strengthen Canada's energy supply chain, further increasing Canadian competitiveness on the global markets. The partnership combines Keyera's ACE Rail Terminal with CN's rail network and AltaGas' West Coast export platform.

ACE will be owned and constructed by Keyera on Keyera-owned lands within Alberta's Industrial Heartland and will be supported by long-term commercial arrangements with AltaGas and CN. With unit train loading capabilities, the ACE Rail Terminal is designed to provide the most efficient and scalable rail solution connecting the Fort Saskatchewan region to West Coast export markets through CN's network and AltaGas' growing global export platform.

The Project represents an initial investment by Keyera of approximately $240 million, including approximately $100 million incremental to Keyera's previously disclosed 2026 growth capital guidance.

Upon start-up, the ACE Rail Terminal is expected to provide transportation capacity of approximately 45,000 barrels per day of propane and butane from the Fort Saskatchewan region to West Coast export facilities. The infrastructure is highly scalable and will be able to support the transportation of additional energy products from the region as market opportunities evolve.

The ACE Terminal will utilize a unit train capable rail loop design intended to improve loading efficiency, reduce handling requirements and lower transportation costs relative to traditional rail solutions. Construction activities are underway, including land clearing activities, with an expected in-service date of mid-2028, aligned with the completion of Keyera's KFS Fractionation III project.