LyondellBasell, a plastics, chemical and refining company, has acquired 200 miles of pipeline near Houston, US, via its Equistar Chemicals subsidiary.
LyondellBasell purchased the pipeline, including the metering stations, from BP and plans to use them to transport petrochemicals between its production and storage facilities.
Ethylene and propylene will be transported from the production facility in Channelview, Texas to Equistar’s storage terminal located in Mont Belvieu, Texas and facilities in Deer Park, La Porte and the Bayport Industrial District in Pasadena, Texas.
Equistar already owns around 1,200 miles of pipeline in Texas and transports around 20 billion pounds of liquids and 80 million barrels of feedstock each year.
The acquisition is due to close in August and terms of the transaction were not revealed.