TC Energy will operate the upcoming Heartland liquids storage terminal, located in Alberta in Canada. Expected to start operations in 2022, the liquids storage terminal will be owned by TC Energy.
Expected to be operational in 2022, the terminal will primarily store crude oil and will have pipeline access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 1,900,000
Tank Size Min (bbl): 250,000
Tank Size Max (bbl): 350,000
Number of Tanks: 6
During the period 2021-2025, the Heartland storage terminal is expected to witness an estimated capex of $11.55m.
About TC Energy
TC Energy Corporation (TC Energy) is an energy infrastructure company. It develops and operates energy infrastructure, such as natural gas pipelines, liquids pipelines, power generation and gas storage facilities. The company also provides gas storage related services and operates in the regulated and non-regulated natural gas storage business. TC Energy owns and operates natural gas pipelines in Canada, the US and Mexico. The company conducts wholesale and retail electricity marketing and trading in Alberta, Ontario and the US. It is also the general partner of TC PipeLines, LP a limited partnership that owns interests in the US- based natural gas pipelines. TC Energy is headquartered in Calgary, Alberta, Canada.
Methodology
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.