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Wednesday, February 10, 2010

New NOVA Chemicals Pipeline to be constructed between Pennsylvania and Sarnia, Ontario

Buckeye Partners, L.P. and NOVA Chemicals Corporation have signed a Memorandum of Understanding for a new Marcellus NGL Feedstock Pipeline to Sarnia, Ontario. The companies plan to evaluate and develop a mixed natural gas liquids pipeline from the Marcellus Basin in Pennsylvania to NOVA's refining and petrochemical complex in Sarnia. The project is to be called the "Union Pipeline Project". Buckeye would develop, construct, own and operate the pipeline.

Buckeye's press release can be viewed at:
http://www.buckeye.com/LinkClick.aspx?link=News+Releases%2f2010%2fBPL+Union+Pipeline+News+Release+2-10-10.pdf&tabid=36&mid=540