Two U.S. oil products pipeline companies said on Tuesday they have launched an assessment on whether to build what would be the first dedicated ethanol pipeline from agriculture centers in the Midwest to the heavily populated U.S. Northeast.
The companies, Magellan Midstream Partners LP and Buckeye Partners LP, said the proposed pipeline -- with a preliminary cost estimate of more than $3 billion -- would span about 1,700 miles (2,740 km) and take several years to build. The assessment could be completed later this year.
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