The pipelines and metering stations comprise a Houston area olefins distribution system transporting ethylene and propylene production from Channelview to Equistar’s storage terminal at Mont Belvieu and facilities in Deer Park, La Porte and the Bayport Industrial District in Pasadena, Texas.
The purchase also includes a natural gas liquids feedstock supply line into Channelview, Texas.
Equistar currently holds a long-term lease for use of the pipelines, which are owned and operated by BP.
Equistar’s pipeline group currently operates and maintains about 1,200 miles of pipeline in Texas, and transports approximately 20 billion pounds of product and 80 million barrels of feedstock annually.
The transaction is subject to government review and is expected to close in August this year.
LyondellBasell Industries is a plastics, chemical and refining company.
