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Keyera Corp. acquires Chevron subsidiary for $198 million

Acquisition increases Keyera’s iso-octane production by 13,600 barrels a day


December 9, 2011
by The Canadian Press

CALGARY—Energy transportation and storage firm Keyera Corp. has acquired gasoline blending component producer Alberta EnviroFuels for US$198 million.

Alberta EnviroFuels makes iso octane, a gasoline blending component derived from butane, which is a derivative of the natural gas liquids Keyera distributes.

The deal will give Keyera a 13,600 barrel per day manufacturing facility—the largest iso-octane manufacturing facility in the world—near its Edmonton terminal.

Sales agreements with major refiners are also part of the deal.

The Calgary-based company also gets multi-year agreements with Chevron and its affiliates.