Valero, Magellan in $380 Million Central Texas-Bound Gasoline Pipeline
Valero Energy Corp. says it's partnering with Magellan Midsream Partners LLP to build a pipeline system from the Houston area that will carry gasoline to Williamson County north of Austin.
The San Antonio-based independent Valero says the proposed 16-inch line is to carry refined products from its refinery south of downtown Houston to a Robertson County facility that will include a storage terminal just outside the city of Hearne, northwest of Bryan-College Station.
Another facility is to be built in Williamson County, where a 12-inch pipeline will connect over 70 miles from the Hearne property for 136 total miles.
Valero says the pipeline will be of great benefit to booming Central Texas markets.
The $380 million agreement announced this week is between Valero subsidiary V-Tex Logistics LLC and Magellan subsidiary Magellan Pipeline Co. LP for joint consruction, which is expected to be completed by mid-2019.
By Mike Shiloh
Copyright September 08, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved