Kinder Morgan Inc said it agreed to sell half of its stake in an Ohio pipeline project to Riverstone Investment Group LLC and the private equity firm would help fund construction and commissioning of the pipeline.
The Utopia Pipeline project, which is estimated to cost about $500 million, stretches from Harrison County to Fulton County.
The pipeline will connect to Kinder Morgan’s existing infrastructure that transports ethane and ethane-propane mixtures to Ontario, Canada.
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