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Released October 09, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking $2.55 billion in active U.S. terminal project starts in fourth-quarter 2017, including a $400 million crude storage and blending project scheduled to kick off this month.
Of the $2.55 billion in active projects, $1.74 billion are planned to kick off in Louisiana and Texas.
Click on the image at right for a graph showing U.S. fourth-quarter terminal kickoffs by industrial sector.
Hazelwood Energy (New Orleans, Louisiana) and NorthStar Energy Services (Channelview, Texas) will start construction on a $400 million facility in Port Barre, Louisiana, that can store and blend up to 10 types of crude oil. The Hazelwood Energy Hub crude oil terminal will have a combination of salt caverns and surface storage. The massive terminal includes 13 million barrels of crude and condensate storage in the form of six above-ground crude storage tanks and four salt dome caverns. Hazelwood will have access to an extensive network of five major pipelines and will operate a barge loading and unloading facility on the Atchafalaya River at the Port of Krotz Springs. For more information, see Industrial Info's project report.
In Pasadena, Texas, phase 1 of a facility that handles petroleum products, including multiple grades of gasoline, diesel, jet fuel and renewable fuels, is being built by Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma). The $335 million terminal includes 1 million barrels of refined products and ethanol storage, and a marine dock capable of handling Panamax-sized ships or barges with up to a 40-foot draft. It is expected to be operational in early 2019. As part of phase 1, a 36-inch pipeline also is being constructed between an existing Galena Park, Texas, terminal and the new Pasadena terminal to enhance connectivity and distribution options for both facilities. For more information, see Industrial Info's project report and September 15, 2017, article - Magellan Midstream Partners with Valero to Expand Houston Ship Channel Storage Project.
Magellan announced in mid-September it was partnering with Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) to expand and own its new Pasadena marine storage terminal on the Houston Ship Channel. Under the second phase, which is expected to come online in early 2020, the facility will be expanded by an incremental 4 million barrels of storage, a three-bay truck rack and a second marine dock capable of handling Aframax-sized vessels with up to a 45-foot draft. Once the expansion is completed, the Pasadena facility will be connected via pipeline to Valero's refineries in Houston and Texas City, Texas, and the Colonial and Explorer pipelines.
Altogether, the two phases are expected to cost about $820 million, the companies said.
This month, Magellan also plans to kick off a $150 million expansion at its 3 million-barrel refined products and crude oil terminal in Corpus, Christi, Texas, which handles production from the Eagle Ford shale in South Texas. The company plans to add an incremental 1 million barrels of storage, two additional truck rack bays and upgrade existing docks. For more information, see Industrial Info's project report and May 16, 2017, article - Harris County is Tops in Texas Project Spending for Second-Half 2017.
Among other fourth-quarter terminal project kickoffs, Odfjell Terminals BV (Houston), a subsidiary of Odfjell SE (ODF:NO) (Oslo, Norway), and New York-based private equity firm Lindsay Goldberg, plans to initiate a $300 million terminal addition at its planned ethylene export facility in Seabrook, Texas, in November. Odfjell Terminals has said market demand has warranted the addition of another storage tank to export ethylene and natural gas liquids. For more information, see Industrial Info's project report.
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 TM, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com
Of the $2.55 billion in active projects, $1.74 billion are planned to kick off in Louisiana and Texas.
Hazelwood Energy (New Orleans, Louisiana) and NorthStar Energy Services (Channelview, Texas) will start construction on a $400 million facility in Port Barre, Louisiana, that can store and blend up to 10 types of crude oil. The Hazelwood Energy Hub crude oil terminal will have a combination of salt caverns and surface storage. The massive terminal includes 13 million barrels of crude and condensate storage in the form of six above-ground crude storage tanks and four salt dome caverns. Hazelwood will have access to an extensive network of five major pipelines and will operate a barge loading and unloading facility on the Atchafalaya River at the Port of Krotz Springs. For more information, see Industrial Info's project report.
In Pasadena, Texas, phase 1 of a facility that handles petroleum products, including multiple grades of gasoline, diesel, jet fuel and renewable fuels, is being built by Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma). The $335 million terminal includes 1 million barrels of refined products and ethanol storage, and a marine dock capable of handling Panamax-sized ships or barges with up to a 40-foot draft. It is expected to be operational in early 2019. As part of phase 1, a 36-inch pipeline also is being constructed between an existing Galena Park, Texas, terminal and the new Pasadena terminal to enhance connectivity and distribution options for both facilities. For more information, see Industrial Info's project report and September 15, 2017, article - Magellan Midstream Partners with Valero to Expand Houston Ship Channel Storage Project.
Magellan announced in mid-September it was partnering with Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) to expand and own its new Pasadena marine storage terminal on the Houston Ship Channel. Under the second phase, which is expected to come online in early 2020, the facility will be expanded by an incremental 4 million barrels of storage, a three-bay truck rack and a second marine dock capable of handling Aframax-sized vessels with up to a 45-foot draft. Once the expansion is completed, the Pasadena facility will be connected via pipeline to Valero's refineries in Houston and Texas City, Texas, and the Colonial and Explorer pipelines.
Altogether, the two phases are expected to cost about $820 million, the companies said.
This month, Magellan also plans to kick off a $150 million expansion at its 3 million-barrel refined products and crude oil terminal in Corpus, Christi, Texas, which handles production from the Eagle Ford shale in South Texas. The company plans to add an incremental 1 million barrels of storage, two additional truck rack bays and upgrade existing docks. For more information, see Industrial Info's project report and May 16, 2017, article - Harris County is Tops in Texas Project Spending for Second-Half 2017.
Among other fourth-quarter terminal project kickoffs, Odfjell Terminals BV (Houston), a subsidiary of Odfjell SE (ODF:NO) (Oslo, Norway), and New York-based private equity firm Lindsay Goldberg, plans to initiate a $300 million terminal addition at its planned ethylene export facility in Seabrook, Texas, in November. Odfjell Terminals has said market demand has warranted the addition of another storage tank to export ethylene and natural gas liquids. For more information, see Industrial Info's project report.
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 TM, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com
