Valero signs pipeline and terminal agreements
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
V-Tex Logistics, LLC, an indirect wholly owned subsidiary of Valero Energy Corp., has signed an agreement with Magellan Pipeline Company, L.P., an indirect wholly owned subsidiary of Magellan Midstream Partners, L.P., to jointly build a 16 in. products pipeline of approximately 135 miles long, from Houston to Hearne, Texas, US. Valero will also build a terminal in Hearne, a terminal in Williamson County, Texas, and an approximately 70 mile, 12 in. pipeline to connect the two terminals.
Valero’s expected cost for the projects is US$380 million, with targeted completion in mid-2019. Construction of the pipelines and terminals will provide a reliable fuel supply alternative for the fast-growing Central Texas marketplace. The new facilities are expected to supply up to 60 000 bpd into Williamson County.
“These projects support our long-term strategy of expanding and extending our supply chain through organic growth projects,” said Joe Gorder, Valero Chairman, President and CEO. “We are very pleased to participate in the Magellan South Pipeline Expansion project. Valero and Magellan have had a long and successful working relationship and the Houston to Hearne pipeline project will build on that history.”
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/07092017/valero-signs-pipeline-and-terminal-agreements/
You might also like
The Hydrocarbon Engineering Podcast - Travelling towards sustainability: exploring the economics of e-fuels
In this special episode, a panel of experts from Johnson Matthey, A.P. Moller - Maersk, Honeywell, HIF Global and the Methanol Institute provide a clear analysis of the factors influencing e-fuel pricing, the economic challenges, and strategies for cost reduction.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
