Phillips 66, Kinder Morgan and HF Sinclair approve $5B pipeline project

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Phillips 66, Kinder Morgan and HF Sinclair Announce Final Investment Decision for Western Gateway Pipeline

August 11, 2026 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), Kinder Morgan, Inc. (NYSE: KMI) and HF Sinclair Corporation (NYSE and NYSE Texas, Inc.: DINO) today announced they have finalized a joint venture agreement and made a final investment decision to move forward with the proposed Western Gateway Pipeline system (Western Gateway). Under the joint venture, Phillips 66, Kinder Morgan and HF Sinclair will own 49.9%, 35.1% and 15% of the system, respectively.

The final investment decision reflects the strength of this industry partnership. By combining the capabilities of... More