Valero announces new pipeline project

V-Tex Logistics, LLC, an indirect wholly owned subsidiary of Valero Energy Corporation, has announced that it has signed an agreement with Magellan Pipeline Company, L.P., an indirect wholly owned subsidiary of Magellan Midstream Partners, L.P., to jointly build an approximately 135-mile, 16-inch products pipeline from Houston to Hearne, Texas.  
In addition, Valero will separately build a terminal in Hearne, a terminal in Williamson County, Texas, and an approximately 70-mile, 12-inch pipeline connecting the two terminals. Valero’s expected cost for the projects is USD $380 million with targeted completion in mid-2019. The new pipelines and terminals are expected to supply up to 60,000 barrels per day into Williamson County.
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