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Terminal News

Oiltanking acquires land for Texas tank terminal

Oiltanking acquires land for Texas tank terminal
Oiltanking North America has purchased extra land to facilitate the development of a deepwater terminal in Texas.

The operator has acquired 89 hectares of waterfront and industrial land in Texas City, which will be used for the development of its Texas Independent Deepwater Expansion (TIDE) terminal.

The initial phase of development will comprise the construction of a finger pier with two deepwater docks with up to 14 meters draft. The new terminal has ample ready-to-build land available to construct more than 1.6 million m3 of storage, pipeline interconnectivity and additional jetties for crude oil, petroleum and gas products in the Houston market.

Once the first phase is complete, Oiltanking says that the terminal will form a viable export/import/blending hub alternative in the Houston market by 'creating a premier logistics platform with significant flexibility and optionality'.

The TIDE terminal is close to Oiltanking's existing Texas City terminal, which offers 550,000 m3 of liquid petroleum products, renewables, chemicals and gas storage capacity.

The company says in a statement: 'The development of the TIDE terminal fits perfectly with the Oiltanking strategy to offer excellent terminal services in key petroleum and chemical markets in North America. The port of Texas City is home to a vast refinery market and several chemical companies. The short sailing time to open water and uncongested marine traffic position makes the port a highly valuable player in the Houston market.'



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