Phillips 66 Partners leads joint venture to build ACE Pipeline System in Louisiana
Sergio Chapa, Houston Chronicle Published 2:29 pm CST, Monday, January 14, 2019
Phillips 66 Partners LP have entered into a joint venture to build the ACE Pipeline System in Louisiana. Houston pipeline and storage terminal company Phillips 66 Partners LP is leading the joint venture to develop an ACE Pipeline System in Louisiana.
Phillips 66 Partners, Harvest Midstream Company and PBF Logistics LP announced the project in a joint statement issued on Monday morning.
The ACE Pipeline System will move crude oil from the market hub in St. James, Louisiana to nearby downstream refining destinations in Belle Chasse, Meraux, and Chalmette.
Midstream Moves: Energy Transfer moves forward with $4 billion of
Expected to have an initial throughput capacity of 400,000 barrels per day, the ACE Pipeline System will have the ability to be expanded and add Clovelly as a destination based on shipper interest.
Harvest Midstream has agreed to contribute its existing CAM Pipeline to the ACE Pipeline System, which will include a new-build segment to connect the St. James market center.
Subject to regulatory approvals, the pipeline system is expected to be placed in service in the second half of 2020.
Get the latest in oil & gas pipeline news weekly!
Subscribe to our feed today @ pipeline-jobs.com