Permico Energia plans new Texas NGL pipeline
Permico Energia has revealed plans for a new natural gas liquids (NGL) pipeline and fractionator project in Texas, US.
The proposed project includes the construction of a 510 mile (820 km) 24 inch (609 mm) pipeline to transport product from the Permian Basin, west Texas to the planned 300,000 bb/d fractionator in Corpus Christi on the coast of the Gulf of Mexico.
A 350 mile (563 km) system of downstream pipelines will also be constructed, providing access to an 8 million barrel NGL storage facility and Texas Gulf Coast industrial markets, including the Mont Belvieu area.
The CEO of Texas Permico Partners – a wholly owned subsidiary of Permico Energia – Jeff Beicker said, “Permico’s new energy corridor will provide operating and cost advantages over the traditional Mont Belvieu options, which will enable us to provide reliable, economically superior solutions to the growing demands of our customer partners.”
Construction is expected to commence before the end of 2018, with the system operational in 2020.
Founded by a team of senior executives with in-depth experience in energy infrastructure projects, Permico Energia is focused on developing, constructing and operating midstream assets in Texas, as well as the domestic and international marketing of hydrocarbons.
For more information visit the Permico Energia website.
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