OAK BROOK, Ill. (Oct. 23, 2014)—JBBR Pipeline LLC, a wholly owned subsidiary of CenterPoint Properties, announced the start of an open season to solicit binding long-term volume commitments from customers for interstate common carrier transportation service on up to 90 percent of the capacity of a new 20-inch diameter, approximately 4-mile crude oil pipeline system. The pipeline will transport crude oil from a crude-by-rail off-loading terminal facility—to be built, owned and operated by Joliet Bulk, Barge & Rail LLC in Joliet, Will County, Illinois—to an interconnection with the Mobil Pipe Line Company’s Mokena-to-Joliet crude pipeline. From there, shippers will have direct access to the ExxonMobil Oil Corporation’s Joliet Refinery. The pipeline is designed to transport up to 210,000 barrels of crude oil per day and is scheduled to be operational by Jan. 31, 2015. The open season will begin Oct. 23 at 8 a.m. CT and will close Nov. 21 at 5 p.m. CT. The binding open season will allow interested parties to make volume commitments and execute long-term transportation agreements with JBBR Pipeline for transportation on the pipeline. Shippers electing to make long-term volume commitments to JBBR Pipeline will be eligible to receive priority transportation service at a premium transportation rate for their committed volumes. CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency.
Thu, 10/23/2014 - 00:00