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Phillips 66, Kinder Morgan, HF Sinclair back $5 billion Western Gateway refined products pipeline project

PUBT·08/11/2026 11:02:13
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Phillips 66, Kinder Morgan, HF Sinclair back $5 billion Western Gateway refined products pipeline project
  • Phillips 66, Kinder Morgan, HF Sinclair reached final investment decision for the Western Gateway refined products pipeline joint venture.
  • Proposed 1,300-mile system targets 230,000 bpd capacity, creating a new supply route from St. Louis and Gulf Coast origins to Arizona, California.
  • Ownership split: Phillips 66 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%; enterprise value about USD 5 billion.
  • Funding plan: Phillips 66 cash about USD 2.5 billion; Kinder Morgan about USD 250 million; HF Sinclair about USD 750 million.
  • In-service targeted for 2029, subject to permits; contracts primarily 10-year take-or-pay.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20260810331211) on August 11, 2026, and is solely responsible for the information contained therein.