Visibility to Growth and Disciplined Capital Management
Investing to Improve Margins, Product Export
Capability and Biofuels Blending
Texas
HEARNE
WILLIAMSON
COUNTY
Austin
HOUSTON
Pasadena terminal.
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Extending Product Supply Chain in Central Texas and the U.S. Gulf Coast
Central Texas pipelines and terminals to supply high-growth refined products market
Started up in September 2019
Approximately 205 miles of pipe (1), 960 thousand barrels of total storage capacity, and a truck rack
Pasadena refined products terminal joint venture with Magellan Midstream Partners, L.P. (NYSE: MMP)
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Initially includes 5 MM barrels of storage capacity with butane blending, two ship docks and a three-bay truck rack
1 MM barrels of storage capacity and one ship dock currently operational
Anticipated Valero costs of $410 MM, with completion expected in 2020
Projects expected to improve product margins, reduce secondary costs, provide opportunity for third-party
revenues, and increase capability for biofuels blending
(1) Valero to own ~70 mile pipeline from Hearne to Williamson County and 40% undivided interest in 135 mile pipeline from Houston to Hearne.
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