Fortress transportation and infrastructure llc and jefferson energy companies announce the successful completion of the paline pipeline

New york, may 25, 2021 (globe newswire) -- fortress transportation and infrastructure investors llc (nyse:ftai) and jefferson energy companies (“jefferson energy”) are pleased to announce the successful completion of the paline pipeline interconnection project. this project consisted of constructing approximately five miles of new 10-inch pipeline connecting the paline pipeline into the jefferson energy terminal. the interconnection allows for ratable and efficient light crude oil pipeline movements from cushing, oklahoma to the jefferson energy terminal in beaumont, texas. as a result, numerous light grades of crude oil originating from the most prolific production basins in north america are available for customers at the jefferson terminal.
FTAI Ratings Summary
FTAI Quant Ranking