Welspun Tubular sues Summit Carbon Solutions and SCS Transport over terminated $182.5m pipe purchase agreement due to project delay.
Pipe manufacturer Welspun Tubular LLC filed a lawsuit against Summit Carbon Solutions and SCS Transport for terminating a $182.5m purchase agreement for over 4 million feet of pipe. Summit Carbon Solutions reportedly requested an indefinite suspension after learning their project was "dramatically off-schedule". Both parties remain committed to resolving the matter swiftly, with the intention to collaborate and build a pipeline for CO2 storage and ethanol access.
April 19, 2024
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