October 2025 APCA MARKET PENETRATION RESEARCH www.ContinuumCapital.net Hazard Liquid New Construction Mileage Hazardous Liquids pipeline growth significantly up in 2013-2019 and trending up over the timeline presented. COVID-19 drastically reduced activity; the Biden administration is very effective at curtailing activity in this market sector. Construction timing versus reporting timing results in mileage being constructed 1 year before it is reported. 69 Source: Propriety Continuum analysis of PHMSA raw data. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 New HL Mileage Hazardous Liquid
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