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Chemical Week Magazine :: Newsbriefs
Williams Partners buys Alberta operations
7:50 AM MST | February 28, 2014
Williams Partners (Tulsa, OK) has acquired Williamsâ€™s currently in-service operations in Alberta, for $1.2 billion. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of natural gas liquid (NGL) and olefins pipelines, and an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Seperately, Corvex Management and Saroban Capital Partners (New York) have reached an agreement with Williams Partners that will place representatives of the two activist hedge funds onto Williamsâ€™s board...
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