Koch Holdings Enterprises acquires 40% stake in NGL fractionator

Koch Holdings Enterprises LLC has bought 40% ownership of a natural gas liquids fractionator from subsidiaries of Valero Energy Corp., San Antonio. Koch Holdings Enterprises, through its subsidiaries, is now an 80% shareholder in the 160,000 b/d Mont Belvieu 1 fractionator. Terms of the deal aren't disclosed.

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