Cadiz to Purchase 180 Miles of New Pipeline Assets
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Cadiz, Inc. (NASDAQ: CDZI) is set to purchase 180 miles of steel pipe from the terminated Keystone XL Pipeline Project. This acquisition will aid in constructing a pipeline network connecting Cadiz's groundwater bank in the Mojave Desert to major water networks in the Southwestern U.S.
November 12, 2024 | 1:45 pm
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Cadiz, Inc. is acquiring 180 miles of steel pipe from the Keystone XL Pipeline to enhance its water delivery infrastructure. This strategic move supports the company's groundwater banking project in the Mojave Desert.
The acquisition of 180 miles of steel pipe from the Keystone XL Pipeline is a significant asset expansion for Cadiz, Inc. This move is likely to enhance the company's infrastructure for its groundwater banking project, potentially increasing its operational capacity and market reach in the Southwestern U.S. The strategic use of repurposed materials also reflects positively on the company's resourcefulness and commitment to sustainable practices.
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