Tulsa-based Magellan Midstream Partners LP (NYSE: MMP) has agreed to let San Antonio’s Valero Energy Corp. in on an infrastructure project it’s working on in Pasadena that will cost hundreds of millions of dollars.

The 50-50 joint venture project involves a Houston Ship Channel marine terminal in Pasadena for refined products, according to a press release. The $820 million projected cost of the first two phases — including the price of the land on which the terminal is being built — is coming…

Houston Biz Journal
Energy cos. team up to build 0 million terminal near Houston