By Adriano Marchese

Keyera Corp. said Tuesday that it has agreed to collaborate with Shell Canada Ltd. on potential low-carbon projects in the province of Alberta.

The two companies have signed a memorandum of understanding in which they would leverage existing assets and adjacent lands towards a lower-carbon aims and attract new investment opportunities to the region, Keyera said.

In addition, Keyera would leverage existing pipeline capable of transporting hydrogen to a hydrogen manufacturing and distribution network in the region which it said is another opportunity to decarbonize operations.

"Keyera...and Shell will explore opportunities to build a future open access gathering and distribution network to transport captured CO2 from Keyera and other operations in the region to Shell's proposed Polaris CCS storage hub," the company said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 08, 2022 08:41 ET (13:41 GMT)

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