Magellan Midstream to build $250M splitter on Gulf coast

Magellan Midstream Partners (MMP -0.4%) says it plans to build a $250M condensate splitter and infrastructure at its terminal in Corpus Christi, Tex., with commodity trader Trafigura.

The splitter is part of a project to build more than 1M barrels of storage, dock improvements and two additional truck bays at MMP’s terminal; the work also will include pipelines connecting the terminal and Trafigura’s nearby facility.

The splitter will be a capable of processing 50K bbl/day in condensate crude, with another 50K bbl/day possible if demand warrants it.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs