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Phillips 66 Partners, Harvest Midstream, and PBF Logistics Teaming Up to Build New Pipeline in Louisiana

Phillips 66 Partners, January 15, 2019

Phillips 66 Partners, Harvest Midstream Company, and PBF Logistics LP have entered into an agreement to jointly develop the ACE Pipeline System. The ACE Pipeline System will provide crude oil transportation service from the market hub in St. James, Louisiana, to downstream refining destinations in Belle Chasse, Meraux, and Chalmette, Louisiana. The pipeline system is expected to have an initial throughput capacity of 400,000 barrels per day, with the ability to expand further depending on shipper interest. The parties may elect to add a delivery destination in Clovelly, Louisiana, subject to market demand. Subject to customary and regulatory approvals, the pipeline system is expected to be placed in service in the second half of 2020.

The ACE Pipeline System will include a new-build segment to connect the St. James market center to the CAM Pipeline. Harvest Midstream will contribute its existing CAM Pipeline to the ACE Pipeline System.

An open season will commence at 12 p.m. CST on January 14, 2019, for transportation service on the ACE Pipeline System. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. For a form of confidentiality agreement and additional information, please email acepipeline@p66.com.

About Phillips 66 Partners

Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.

About Harvest Midstream

Harvest Midstream Company is a privately held midstream services provider based in Houston, TX. Harvest operates crude oil and natural gas gathering, storage, transportation, treatment and terminalling assets across the Lower 48 and Alaska. For more information, visit www.harvestmidstream.com.

About PBF Logistics LP

PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. For more information, visit http://www.pbflogistics.com.

 


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