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Welspun Global Trade LLC, part of the $2.3-billion Welspun Group, has bagged an order from TransCanada Corp to supply line pipes for the Keystone XL pipeline project.
Phase Four of the Keystone project will link oil producers in Canada and North Dakota with refiners and export terminals on the Gulf Coast. The pipeline will carry tar sands oil from Canada to refineries on the Texas Gulf Coast.
The US Department of State issued the Presidential permit to construct the Keystone XL pipeline project and the decision was communicated to TransCanada and Welspun Global officials, said Welspun in a statement on Saturday.
Welspun Global has a manufacturing facility in Little Rock, Arkansas with an installed capacity of 3.50 lakh tonnes per annum. The company’s Senior Vice-President Rusty Fisher said the decision to revive the pipeline project will create thousands of American jobs and fulfil the nation’s energy needs in addition to having a multiplier effect on the US economy. Welspun has completed its manufacturing obligations and is fully geared to meet any additional requirement of pipes as the project moves ahead, he said.
As a line pipe manufacturer, Welspun is capable of executing large and complex projects and remains committed to support and participate in the growth of American economy as envisaged under US President Donald Trump’s leadership, he added.
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