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Terminal News

Oiltanking acquires Galveston storage terminal

Oiltanking has acquired the Oiltanking Galveston County terminal following its land purchase for the development of a deepwater terminal facility.

The terminal currently handles specialty chemicals and petrochemicals with 69,000 m3 of storage capacity. The facility is located to the northwest of the company's existing Texas City marine terminal and has extensive pipelines connections.

It has 78 tanks, five truck racks with loading and unloading capabilities and significant railcar spots for loading, unloading and storage. It is situated on more than 200 acres, allowing ample room for expansion opportunities. It has substantial room for rail, truck, pipeline and storage expansion along with the opportunity to become an industrial park.

The company says in a statement that a key advantage of the facility is its close proximity and pipeline connection to its existing Texas City terminal.

The acquisition of the facility was done in parallel with the recently announced purchase of the land for the development of the Texas Independent Deepwater Expansion terminal facility.

The company says: 'Both acquisitions fit 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. Its short sailing time to open water and uncongested marine traffic position makes the port a highly valuable player in the Houston market.'