A proposed joint venture between Enbridge, Kinder Morgan and Oiltanking has submitted plans to construct and operate a deepwater crude oil export port off the coast of Freeport, Texas.
The Texas COLT project submitted an application with the US Maritime Administration for an offshore platform and two offshore loading single point mooring buoys capable of fully loading a two-million-barrel VLCC in 24 hours.
The offshore facilities will be connected by a 42 inch pipeline to an onshore tank facility that will have up to 15 million barrels of storage capacity.
The application submission starts the application process for the project, which is planned to be operational by 2022.
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