Houston company planning $2 billion pipeline from Permian Basin to Corpus Christi
A Houston-based midstream energy company announced plans to build a 510-mile natural gas pipeline that would connect the Corpus Christi area to the Permian Basin.
Permico Energia's $2 billion pipeline system would include a fractionator in the Coastal Bend to separate the natural gas into individual products, such as ethane, propane and butane.
It also include would a 350-mile system that will transport product to other Texas Gulf Coast industrial markets, including the Mont Belvieu area near Houston.
Jeff Beicker, CEO of Texas Permico Partners, a subsidiary of Permico Energia that started in 2015, said financing for the project has been secured from South Korean investment banking and pension fund institutions.
Read more: http://www.caller.com/story/news/special-reports/energy-effects/2017/08/03/houston-company-planning-2-billion-pipeline-permian-basin-corpus-christi/534318001/
