Operations have started at Pin Oak Terminals' new multi-product liquid marine terminal in Louisiana.
The $600 million investment comprises storage terminals, docks and related infrastructure on a 431 acre parcel of land along the east bank of the Mississippi River at Mount Airy.
The facility is initially beginning operations with one dock, a two-bay truck rack and four tanks, with a capacity of 424,000 barrels of refined products and biofuels.
Pin Oak's services include offloading, storage, heating, blending and transfer of petroleum liquids. The company's permits allow construction of up to 10 million barrels of storage and unit-train loops at the site, which is positioned for shipping products by rail, pipeline, barge, ship and truck.
Michael Reed, Pin Oak's CEO, says: 'Pin Oak Terminals is a 15-year-old dream come true which is now being fully supported by the market. Customers have signed agreements for up to almost 4 million barrels for this new grass-roots terminal.'
Louisiana governor John Bel Edwards, says: 'Today's official opening of the Pin Oak Terminals is a testament to the continued strength of our energy and chemical corridor.'
Growing Contanda's storage footprint in HoustonPetrochemical production fuels a bright storage future Oil market eyes November Iran sanctions hiatus A new name in Cushing Unleashing the potential of American energy Storage for the US's largest refining market Expanding the US global market share Trade war questions temper US midstream sector growth plans Safe & productive solutions for tank cleaning Ground improvement plays supporting role for storage tanks