Phillips 66, Kinder Morgan, and HF Sinclair have finalized a joint venture agreement and decided to proceed with the proposed $5 billion Western Gateway Pipeline system. Phillips 66 will own 49.9% of the joint venture, Kinder Morgan 35.1%, and HF Sinclair 15%.
The project is expected to be completed in 2029 and will provide a major new fuel pipeline to the U.S. West Coast, which is a relatively isolated fuel market with limited pipeline links to major refining hubs.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
