Jefferson Energy, subsidiary of Fortress Transportation and Infrastructure, announced this Wednesday the completion of the Paline Pipeline project; a five-miles new ten-inch pipeline that connects into the Jefferson Energy terminal.
Firstly, the project was for a new segment of the pipeline, for it to interconnect into the Jefferson Energy terminal. The interconnection allows for ratable and efficient light crude oil pipeline movements from Cushing, Oklahoma to the Jefferson Energy terminal in Beaumont, Texas.
Secondly, through the pipeline, numerous light grades of crude oil originating from the most prolific production basins in North America will be available for customers; at the Jefferson terminal.
Thirdly, the company’s terminal is located on the Neches River in the heart of the Beaumont, Texas refining complex. It has been in operations since 2012; currently has over 4.3 million barrels of heated and unheated storage servicing both crude oil and refined products.
In addition to the terminal’s storage and blending capabilities; the terminal also has six rail loop tracks; and it is also triple served by the BNSF, KCS, and Union Pacific railroads; and utilizes two marine docks for regional and global marine movements.
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Jefferson Energy, the gateway of the Permian and Cushing hub goods
Moreover, with the addition of the Paline Pipeline, Jefferson Energy adds yet another logistic solution for its customers; as it means storage incremental, marine and also rail capabilities; and yet pipeline connectivity.
On the other hand, about the paline pipeline expansion, Matt Evans, Executive VP and Chief Commercial Officer of the company, said. “In conjunction with Delek Logistics Partners; senior management and project teams, Jefferson Energy is excited to bring additional inbound pipeline crude oil optionality to customers at the Jefferson Energy terminal.”
He also remarked. “This pipeline is the third successful pipeline project to be completed in the past five months and marks another example of providing efficient logistical solutions for our customers.”
Finally, Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US Holdings, said. “This new connection allows for barrels to flow from DKL’s strategically located Longview, Texas assets; connecting both the prolific Permian Basin and the strategic Cushing, Oklahoma storage hub to US Gulf Coast markets.”