Koch and UDS create petchem and NGL JV Diamond-Koch
Sept. 2, 1998 Ultramar Diamond Shamrock Corp. and a division and 2 subsidiaries of Koch Industries finalised the
creation of a joint venture that combines the companies' natural gas liquids and petrochemicals operations in Mont
Belvieu, Texas.
The new business, to be called Diamond-Koch and headquartered in Houston, Texas, will offer customers a more
efficient source for transportation, storage, processing and distribution needs for both natural gas and refinery
liquids and petrochemical feedstocks.
Diamond-Koch's assets include:
- UDS' majority interest in Mont Belvieu propylene splitters and related distribution pipelines and terminals
- UDS' Mont Belvieu hydrocarbon storage operation
- Koch Hydrocarbon's majority interest in the Mont Belvieu I natural gas liquids fractionator
- Certain UDS and Koch Pipeline Company supply systems
The Koch division and subsidiaries involved in the transaction are Koch Pipeline Company, L.P., Koch Hydrocarbon Company and Koch Chemical Company.
