SEABROOK - Magellan Midstream Partners and LBC have partnered to build a $95 million crude oil storage and pipeline infrastructure in the Houston Gulf Coast area.
The new facility will open first quarter 2017 and is expected to accommodate more than 700,000 barrels of crude oil. An 18-inch diameter pipeline will connect the new facility to a third-party pipeline to transport the crude oil to a Houston-area refinery.
The infrastructure will be located next to LBC’s existing terminal.
The project is being supported by a long-term storage and transportation commitment with a major refiner.
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