Welspun Tubular announced that it received a $47-million order to help construct the Diamond Pipeline, which will run for 440 miles from Cushing, Oklahoma to Memphis, Tennessee.
According to Welspun and Diamond Pipeline LLC, the order makes up about two-thirds of the pipe needed to build the entire line.
The $900-million pipeline will be able to transport 200,000 barrels per day of crude oil from Cushing to Valero’s refinery in Memphis.
Diamond Pipeline LLC is a joint venture between Plains All American Pipeline and Valero.
Welspun Tubular is a pipe manufacturer that has facilities near the Little Rock Port in Arkansas.
The pipeline construction has an anticipated completion date of 2017.