PetroPlex International will build a liquid bulk storage and blending facility in St. James Parish, Louisiana.
Storage tanks and the docking system are scheduled to be operational by Q1 of 2011.
The storage facility will be constructed in two stages, with Phase One accommodating 4 million barrels of liquid petroleum.
Phase Two will add another 6 million barrels, constructed as industry demands dictate.
The PetroPlex storage terminal will provide tankage for crude oils, residual fuel oils, middle and light distillates, along with specialty vegetable oils and lube oils.