A midstream subsidiary of Valero Energy Corp. has assumed full ownership of a 141-mile, 111,000-barrel-per-day refined products pipeline it previously co-owned with Kinder Morgan. Valero Terminaling and Distribution said today it had purchased the remaining 50% interest in the Parkway Pipeline.
The Parkway Pipeline currently transports products from Valero’s St. Charles refinery in Norco, Louisiana, to Collins, Mississippi, where it enters Kinder Morgan’s Plantation pipeline system.
MORE PIPELINE NEWS: Southern Co. buys $1.5 billion stake in Kinder Morgan gas pipeline