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TransCanada greenlights oil pipeline project

Keywords: Tags  TransCanada, Heartland pipeline, crude oil, Alberta project

NEW YORK — TransCanada Corp. has received enough shipper interest to build its proposed 125-mile Heartland pipeline and a terminal facility in Alberta, the Canadian comany said.

The Canadian $900-million ($890.9-million) project is expected to start up by the second half of 2015.

The Heartland pipeline, which would bring crude oil from the Edmonton region to facilities in Hardisty, will be able to transport 900,000 barrels of crude oil per day, while its proposed TC Terminals is expected to have storage capacity for up to 1.9 million barrels, the Calgary, Alberta-based company said May 2.

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