South Korea Buys 50% Stake in M-U’s UTOPIA Ethane Pipeline

UTOPIA route (click for larger version)

In January 2016, Kinder Morgan committed to building the UTOPIA (Utica To Ontario Pipeline Access) pipeline, a 12-inch ethane pipeline that would run 286 miles across the state of Ohio where it would connect with another pipeline to flow Marcellus/Utica ethane all the way to a cracker plant in Canada (see Kinder Morgan Ready to Move Forward with UTOPIA East Pipeline). In January 2018 UTOPIA went online (see UTOPIA has Arrived! KM OH Pipe Flowing Ethane to Canadian Cracker). Kinder’s 50% joint venture partner in UTOPIA, Riverstone Holdings, announced yesterday it has sold its interest to a consortium of South Korean companies.

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