Press ReleaseSource: Industrial Info Resources

UNEV Pipeline LLC Purchases One Terminal and Plans to Build Two More, an Industrial Info News Alert
Friday July 25, 5:30 am ET

SUGAR LAND, TX--(MARKET WIRE)--Jul 25, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- UNEV Pipeline LLC has announced that it has completed the purchase of a refined products terminal in Cedar City, Utah, from Musket Corporation (Dallas, Texas) for $9.8 million. UNEV Pipeline LLC is a joint venture owned 75% by Holly Energy Partners LP (Dallas) (HEP - News), a subsidiary of Holly Corporation (Dallas) (HOC - News), and 25% by Sinclair Transportation Company (Salt Lake City, Utah). The company plans to build another terminal in Cedar City and will construct an additional terminal in Overton, Nevada.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to petroleumterminalsgroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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     Joe Govreau
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Source: Industrial Info Resources


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