Valero’s expected cost for the projects is US$380 million, with targeted completion in mid-2019. Construction of the pipelines and terminals will provide a reliable fuel supply alternative for the fast-growing Central Texas marketplace. The new facilities are expected to supply up to 60 000 bpd into Williamson County.
“These projects support our long-term strategy of expanding and extending our supply chain through organic growth projects,” said Joe Gorder, Valero Chairman, President and CEO. “We are very pleased to participate in the Magellan South Pipeline Expansion project. Valero and Magellan have had a long and successful working relationship and the Houston to Hearne pipeline project will build on that history.”
