Edmonton storage capacity tops 45 million barrels as Base Line Terminal goes into service
Kinder Morgan Canada and partner Keyera announced the start of operations for the first four of twelve crude oil storage tanks at their jointly-owned Base Line Terminal in Sherwood Park, Alberta. The remaining eight tanks are expected to be phased into service throughout the remainder of this year.
Once completed, the terminal will have a crude oil storage capacity of 4.8 million barrels, with room for another 1.8 million barrels, if there's sufficient demand. The new terminal brings total storage capacity in Strathcona County, including Sherwood Park and Fort Saskatchewan, to almost 45 million barrels.
Capital costs for the overall facility are estimated at $728 million, split $330 million for Keyera and $398 million for Kinder Morgan, including costs associated with pipeline segments.
The Base Line Terminal is adjacent to Keyera's Alberta EnviroFuels facility and connects to the Trans Mountain Pipeline, the Edmonton Rail Terminal and several other major export facilities.