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.
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