More intermodal capacity for St James
Petroplex International is to build a multimodal bulk liquids terminal in St James, Louisiana. The independent terminal will initially have storage capacity of 4m–6m bbl for crude, refined fuel oil, bitumen and other petrochemicals, and will operate on a ‘for-hire’ basis. The facility will offer in-tank blending of products throughout the facility, as well as intermodal links for trucks, railcars, marine barges and ocean-going vessels, and connections to the existing and future pipeline infrastructure systems.
Construction of the $600m project is expected to begin in the first half of 2012; commercial operations are slated for 2014. Petroplex is developing the terminal as part of a consortium consisting of Macquarie Capital (part of the Macquarie Group), Quanta Services Inc and individual investor Harley Franco, CEO and founder of Harley Marine Services Inc.
Share this article via Twitter, LinkedIn or Facebook.
| Tweet |
