Shinhan Investment Corp., Samtan Co., EIP Investment Co., and KDB KIAMCO, a South Korean–based consortium of infrastructure investors, have acquired a 50 percent ownership interest in the Utopia Pipeline from investment funds affiliated with Riverstone Holdings.
Originating in Harrison County, Ohio, and delivering to the Sarnia petrochemical market in Ontario, Canada, Utopia is a recently constructed 268-mile pipeline that transports ethane sourced from the Marcellus and Utica shales. In 2016, Riverstone formed a joint venture with Kinder Morgan to construct Utopia. Kinder Morgan will remain the pipeline’s operator and continue its ownership in the joint venture.
Heejun (June) Park, president of EIP Investment, said, “Samtan is a leading energy company in Korea with significant experience investing in power and infrastructure assets around the world and Shinhan Financial Group is a leading financial institution in Korea. Samtan and the EIP Private Equity Fund, wh
