A 343-mile pipeline that a Texas company has proposed building across Iowa would bring a $1.1 billion economic punch to the state during two years of construction, an analysis released exclusively Tuesday to The Des Moines Register shows.
Dallas-based Energy Transfer Partners has proposed building a 1,134-mile underground pipeline across Iowa and three other states. The company seeks to carry up to 570,000 barrels of crude oil each day from the Bakken oil fields in North Dakota to Patoka, Ill., where it can be redistributed across the country.
Infrastructure has long been the backbone to the American economy. Many point to the interstate highway system, but there’s another critical piece of American infrastructure that is too often ignored: the 2.5 million miles of pipelines across the United States. That infrastructure helps deliver energy to industries and consumers.
Growing infrastructure, particularly here in Iowa and across the Midwest is a critical need. And new pipeline infrastructure projects are vital, especially in Iowa.
The energy industry has dramatically grown here in the Midwest, particularly in the Bakken area of North Dakota, creating new opportunities for jobs and reducing our reliance on foreign energy needs.
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Dallas-based Energy Transfer Partners LP has scheduled public informational meetings in December for each of the 18 Iowa counties through which it has proposed building a crude oil pipeline.
The meetings are the first step in seeking approval from the Iowa Utilities Board to proceed with constructing the 30-inch diameter pipeline, which the company has said will initially transport more than 450,000 barrels of oil daily.
The initial steps are underway to seek Iowa Utilities Board approval for an underground pipeline that would carry 320,000 barrels of North Dakota crude oil daily through 18 counties in Iowa.
Dakota Access LLC, a unit of Texas-based Energy Transfer Partners, filed documents with the state board last week showing plans to conduct public information meetings about the project next month in each of the 18 counties. The first meetings will be held Dec. 1 in Sioux Center and Inwood in northwest Iowa, and in Farmington and Fort Madison in southeast Iowa. The final meetings are set for Dec. 16 in Fort Dodge and Ottumwa.
The company proposing a pipeline that could go through parts of Morgan and Scott Counties expects to invest nearly half-a-billion dollars on the Central Illinois portion of the project.
The State Journal-Register reports Texas-based Energy Transfer Partners has indicated in filings with state regulators that it plans to begin construction by the end of this year and to begin carrying crude oil through the Dakota Access Pipeline in 2016.