Canexus Announces First Receipt of Cold Lake Blend at NATO Unit Train Facility

Canexus Announces First Receipt of Cold Lake Blend at NATO Unit Train Facility

Posted on Tuesday September 30, 2014 at 10:28AM

CALGARY, ALBERTA--(Marketwired - Sept. 26, 2014) - Canexus Corporation (TSX:CUS) (the "Corporation" or "Canexus") today announced first receipt of Cold Lake Blend ("CLB") product, following completion of the tie-in of the Cold Lake pipeline system to its North American Terminal Operations ("NATO"). The NATO facility is now capable of loading both Access Western Blend product from MEG Energy Corp.'s Stonefell Terminal and CLB from Lamont Station.

"I am very pleased to be loading unit trains at NATO once again," said Doug Wonnacott, President and CEO. "With the commissioning and start-up of the expanded facility completed, we can now focus on ramping up to our contracted volumes of six to seven unit trains per week and generating meaningful cash flow from this asset. Our next milestones will be to work towards NATO's planned and potential/design capacities of 10.5 to 14 unit trains per week, respectively," stated Mr. Wonnacott.

Go here to read the full news release

Author: Lamont County Now

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