AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Houston, Oct. 17, 2016 -- Shell Pipeline Company LP (SPLC) today announced that it will launch a binding open season for transportation commitments on a new 94-mile common carrier ethane supply pipeline which will be constructed in Southwestern Pennsylvania and extending into West Virginia and Ohio.
“The new pipeline will enhance ethane supply while building new and reliable infrastructure in a strategic growth market,” said John Hollowell, Executive Vice President, SPLC.
The location of the pipeline will be in a key area as more than 70 percent of the North American polyethylene market sits within a 700-mile radius of Pittsburgh. SPLC anticipates the proposed Falcon Ethane Pipeline System (Falcon) will connect three major ethane source points within Pennsylvania and Ohio, in the rich gas portions of the Marcellus and Utica shale reservoirs, to a petrochemical plant in Monaca, Pennsylvania. Construction of the pipeline is scheduled to begin in late 2018.
Falcon’s initial pipeline capacity is expected to be approximately 107,000 barrels per day of ethane. If shipper demand exceeds the initial offered capacity, the capacity will be expanded sufficiently to accommodate committed volumes, plus at least 10% for spot shipments. The binding open season begins October 17, 2016 at 8 a.m. CST and will continue until November 18, 2016 at 5 p.m. CST.
For further information refer to the Information Statement available on Shell Pipeline’s website at www.shell.us/pipeline.
# # #
About Shell Pipeline Company LP: For more than 95 years, Shell Pipeline Company LP has helped meet America’s energy needs. We transport more than 1.5 billion barrels of crude oil and refined products annually through thousands of miles of pipelines located in five states. As a wholly-owned subsidiary of Shell Oil Products US, a unit of Shell Oil Company, we’re part of one of the world’s leading energy companies, which has been a prominent participant in America’s energy industry for a century. With our integrated network of trunk lines, interconnects and terminals we operate safely, efficiently and dependably – key factors in keeping the commodities we carry more affordable for the people who count on them.
+1-713-241-4544
