Phillips 66 Purchases Epic NGL Pipelines

Phillips 66 said it would buy a Texas network of natural gas liquids pipelines and processing facilities from Epic NGL for $2.2 billion. 

Phillips said Epic’s NGL business consists of two fractionators, about 350 miles of pipelines and a roughly 885-mile NGL pipeline linking production in the Delaware, Midland and Eagle Ford basins to fractionation complexes and to the Phillips 66 Sweeny Hub. 

More: Houston Chronicle 

AEP Names Mihalik Executive VP, CFO

American Electric Power has named Trevor Mihalik executive vice president and chief financial officer, effective Jan. 20. Mihalik’s previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra. Mihalik will succeed Chuck Zebula, who will serve as senior adviser to the CEO before retiring in March. 

More: AEP 

Volkswagen to Restart ID.4 EV Assembly

Assembly of Volkswagen’s ID.4 EV is expected to restart soon in Chattanooga after all 200 employees that were furloughed in September returned to work Jan. 6. 

In September, Volkswagen reported it was recalling about 98,000 ID.4 electric SUVs, saying door handles may allow water to enter a circuit board assembly and cause the doors to open unexpectedly. 

Volkswagen reported ID.4 sales dropped 93.9% in the fourth quarter to just 646 units. That compared to sales of over 10,600 ID.4s in the same quarter a year earlier. For the year, ID.4 sales fell 55% to about 17,000 units, according to the company. 

More: Chattanooga Times Free Press 

Honda to Produce 2 EV Models at Ohio Plant

Honda says it plans to mass produce its new 0 series models at its EV hub in Marysville, Ohio, beginning in 2026. The new models will be the “Honda 0 SUV” and the “Honda 0 Saloon” and will feature automated driving technology and an in-house developed operating system. 

More: WCMH