Project Profile
Value: US$100 million
Location: from Plains Atlas Terminal in Longview to supply refineries in the Shreveport area and El Dorado, Ark. Refinery, between Longview, Texas, and Shreveport, La, USA
Capacity: up to 80,000 barrels of domestic crude oil per day
Length: 80 miles
Start-up Year: 2017
Plains All American Pipeline, L.P. (NYSE:PAA) has formed the Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP (NYSE:DKL) to develop the Caddo Pipeline, an 80-mile, 12-inch pipeline between Longview, Texas, and Shreveport, La. The Caddo Pipeline will originate at the Plains Atlas Terminal in Longview and will have the capacity to move up to 80,000 barrels of domestic crude oil per day to supply refineries in the Shreveport area and Delek Logistics\' pipeline system supplying Delek US Holdings\' (NYSE:DK) El Dorado, Ark. refinery. Under the agreement, PAA will construct and operate the Caddo Pipeline. The total project investment is expected to be approximately US$100 million; the pipeline is supported by long-term shipper commitments and is expected to be completed in 2017.
Operators:
Caddo Pipeline LLC: Operator with 100% interest
Plains All American Pipeline, L.P.: Operator with 50% interest in Caddo Pipeline LLC
Delek Logistics Partners, LP: 50% interest in Caddo Pipeline LLC