UPDATE 1-Plains to build Cushing-to-Memphis pipeline for Valero
August 21, 2014 at 17:42 PM EDT
HOUSTON, Aug 21 (Reuters) - Plains All American Pipeline LP will build a crude oil pipeline from its terminal at the U.S. futures hub in Cushing, Oklahoma, to Valero Energy Corp's Tennessee refinery, helping the largest U.S. refiner cut transportation costs to tap cheap inland oil.