Genesis Energy (GEL) plans to invest ~$125M to improve existing assets and develop new...

|About: Genesis Energy, L.P. (GEL)|By:, SA News Editor

Genesis Energy (GEL) plans to invest ~$125M to improve existing assets and develop new infrastructure in Louisiana to connect to Exxon Mobil's (XOM) Baton Rouge refinery, which GEL says will be one of the largest refinery complexes in North America with more than 500K bbl/day of refining capacity. GEL says it will pay for the deal with funds available under its revolving credit facility.