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Boardwalk to buy Evangeline ethylene pipeline

12:16 PM MDT | September 17, 2014

Boardwalk Pipeline Partners (Houston) has agreed to acquire Chevron Petrochemical Pipeline, which owns the Evangeline ethylene pipeline system, for $295 million in cash. The acquisition is expected to close in the fourth quarter, Boardwalk says. A subsidiary, Boardwalk Louisiana Midstream (BLM), will operate the pipeline, which stretches 176 miles from Port Neches, TX, to Baton Rouge, LA, where it connects with the BLM ethylene distribution system, including the company’s storage facilities at the Choctaw Hub. BLM plans to connect the Evangeline pipeline to...

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