Friday, February 12, 2016

Sunoco Logistics: $100M to add Midwest pipelines

Sunoco has bought control of Inland Corp. and 350 miles of Ohio pipelines

Sunoco Logistics: $100M to add Midwest pipelines

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Sunoco has been selling refineries to concentrate on retail sales, but its Sunoco Logistics pipeline and terminal affiliate is growing. The company said today it has borrowed around $100 million to buy a controlling interest in Inland Corp. and 350 miles of "refined products pipeline and related facilities," boosting Sunoco Logistics' refined-products network to over 2,000 miles, not counting 5,000-plus miles of crude oil pipelines. Statement here.

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

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