North America on Track for $3.6 Billion in Terminal Project Completions in 2021

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Researched by Industrial Info Resources (Sugar Land, Texas)--Nearly $3.6 billion worth of oil and gas terminal projects are on track for completion this year in North America, according to Industrial Info's Global Market Intelligence (GMI) Project Database. This compares with about $4.4 billion worth of completions in 2020.

With only a month left to go this year, most of the 462 projects already have been completed, and not all of those still active may make it to the 2021 finish line and will carry over into 2022, depending on varying factors that can extend planned construction periods.

By market region, the energy-rich U.S. Southwest -- including Texas, Louisiana, Oklahoma and Arkansas -- stands head and shoulders above the rest in project value, at more than $2 billion.

Click on the image at right for a graph showing North American project completions for 2021 by the top 10 market regions.

In Texas, the largest single investment was the $600 million Houston Marine Bulk Liquids Terminal, which was completed in February. A joint venture between Moda Midstream Limited Liability Company (Houston, Texas) and Royal Vopak N.V. (Rotterdam, Netherlands), the project added new deepwater berths, a unit train loop, petrochemical feedstock, liquid petroleum gas (LPG) and chemical gas storage infrastructure and up to 12 million barrels of crude oil storage capacity for the Houston market. Subscribers can click here for the project report.

Also completed earlier this year in the Lone Star State was Texas International Terminals' (Galveston, Texas) tank farm storage additions at its liquid and dry bulk terminal in Galveston. The $185 million project added 14 tanks, amounting to 750,000 barrels of fuel oil storage and 500,000 barrels of gas oil storage. Click here for more information.

At the massive oil hub in Cushing, Oklahoma, work was completed on Keyera Corporation's (Calgary, Alberta) $150 million Wildhorse crude oil and blending terminal in January. With 19 tanks, the terminal provides 4.5 million barrels of storage. Subscribers can click here for more information.

In British Columbia, Pembina Pipeline Corporation (NYSE:PBA) (Calgary, Alberta) completed construction of the $270 million Prince Rupert Export Propane Terminal in March. Located on Watson Island at Prince Rupert Harbour, the project included construction of two refrigerated double-walled tanks capable of holding 33.6 million gallons, a rail yard with liquid propane unloading equipment, a control center, office, and maintenance facilities with an average capacity of 25,000 barrels per day (BBL/d) of liquid propane. The propane, primarily sourced from Pembina's Redwater fractionation complex near Edmonton, Alberta, is loaded on ships for export to global markets. Project database subscribers can click here for more information.

In Veracruz, Mexico, final commissioning is underway on a $210 million refined products terminal in the port of Tuxpan. The million2.1 million-barrel million terminal includes 12 refined products tanks. The project, which kicked off in 2018, is a joint venture between Monterra Energy S de RL de CV (Mexico City) and Tuxpan Port Terminal SA de CV. Subscribers can click here for more information.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.