Project Profile
Location: Permian-Corpus Christi,Texas, USA
Length: 820.76 km
Construction start-up: Q2 2018
Start-up: Q4 2020
Permico Energia LLC, Houston, plans to build a 820.76 km, 24-in. OD NGL pipeline to ship West Texas Permian basin production to a newbuild 300,000-b/d fractionator near Corpus Christi, Texas. The project also includes construction of a 563.27 km system of downstream product pipelines accessing both an 8 million-bbl storage site and Gulf Coast industrial users, including the Mont Belvieu, Texas, market. The company expects to start construction second-quarter 2018 and have the full system in operation by fourth-quarter 2020. Permico secured project funding through long-term commitments from Korean investment banking and pension fund institutions, with Sumitomo Mitsui Bank Corp. serving as lead syndicator for the senior debt financing.
Operator:
Permico Energia LLC: 100% interest