04 October 2010 14:24 [Source: ICIS news]
LONDON (ICIS)--Westlake Chemical has purchased a 50% equity interest in the Cypress Interstate Pipeline from pipeline transportation and energy storage company Kinder Morgan Energy Partners for an undisclosed fee, the US-based chemicals producer said on Monday.
The 104 mile Cypress pipeline supplies natural gas liquid feedstocks from Mont Belvieu, in ?xml:namespace>
"We are very pleased to have completed the purchase of an interest in this important supply pipeline. This acquisition will help improve our long-term operating efficiency and will provide us with overall improvement in the reliability of essential feedstock supply at the site," said Albert Chao, Westlake's president and CEO.
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