South Korean investor group takes 50 pct stake in Utopia Pipeline from Riverstone

A South Korean-based consortium of infrastructure investors has acquired a 50 percent ownership stake in the Utopia Pipeline from Riverstone Holdings LLC. No financial terms were disclosed. Included in the investor group are Shinhan Investment Corp., Samtan Co., Ltd, EIP Investment Co. Ltd and KDB KIAMCO. Originating in Harrison County, Ohio, Utopia is a pipeline that delivers to the Sarnia petrochemical market in Ontario, Canada.