Holly Corporation Announces Commencement of Final Construction on UNEV Pipeline

abarrelfullabarrelfull wrote on 12 Aug 2014 08:56

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July 6th 2010

Holly Corporation (NYSE: HOC) and Sinclair Transportation announced today the commencement of the final construction phase on its UNEV pipeline, a 406-mile pipeline transporting refined products from Salt Lake City, Utah to terminals in Cedar City, Utah and in Las Vegas, Nevada.

The necessary approvals and signatures have been received from the Bureau of Land Management ("BLM") and construction will begin immediately on five of the seven construction spreads. The Notices to Proceed for the last two construction spreads should be issued as soon as pre-construction meetings with the BLM are completed over the next few weeks.

UNEV expects mechanical completion of this pipeline to occur in early 2011, with service to begin later in 2011. Construction of the Cedar City, Utah and Las Vegas, Nevada terminals are nearing completion.

"We are pleased to enter our last phase of construction on this pipeline project," said Matt Clifton, Chairman and CEO of Holly. Clifton added, "This is a valuable and important infrastructure project which will provide for the long-term cost effective supply of transportation fuels to southwest Utah and Las Vegas."

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