Cadiz to purchase 180 miles of new pipeline assets

Steel from terminated keystone xl pipeline project to be repurposed for water delivery as company prepares for construction of groundwater banking project los angeles , nov. 12, 2024 /prnewswire/ -- cadiz, inc. (nasdaq: cdzi) (the "company" or "cadiz") announced today that it has entered into an agreement to purchase 180-miles of steel pipe from the terminated keystone xl pipeline project. the company plans to use the steel pipe for the construction of a pipeline network connecting the company's groundwater bank in the mojave desert to major water networks in the southwestern u.s. the 180 miles of new steel pipe will be added to the company's expansive portfolio of pipeline assets, including 220 miles of existing pipeline acquired by the company from el paso natural gas in 2021.
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