Plains All American Pipeline, L.P. has announced the formation of Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP to develop the Caddo Pipeline, an 80 mile, 12 in. pipeline between Longview, Texas, and Shreveport, La.
The Caddo Pipeline will originate at the Plains Atlas Terminal in Longview and will have the capacity to move up to 80 000 bpd of domestic crude oil to supply refineries in the Shreveport area and Delek Logistics’ pipeline system supplying Delek US Holdings’ El Dorado, Ark. refinery.
Under the agreement, PAA will construct and operate the Caddo Pipeline.
The total project investment is expected to be approximately US$100 million; the pipeline is supported by long-term shipper commitments and is expected to be completed in mid 2016.
Edited from source by Elizabeth Corner
Read the article online at: https://www.hydrocarbonengineering.com/refining/24032015/plains-all-american-forms-caddo-pipeline-with-delek/