Flint Hills Resources (FHR) is to add 200,000 barrels a day of crude oil to its shipping capacity from its terminal in Ingleside, acquiring a small-craft pier in the Port of Corpus Christi, in Texas, US, to do so.
The company says the addition will help it to complete its plans to up its crude oil it is already receiving at its Eagle Ford plant.
FHR says it plans to begin its outbound shipments from Eagle Ford to the retrofitted new assets, which include an improved wharf and a small-craft pier, by the middle of 2012.
The company says it believes its location is in a prime position and that it hopes the new volumes of crude oil coming in will benefit the surrounding areas.
As the retrofit gets underway, construction companies will use about 80 employees. Once it is operational, this will mean 8 to 10 new full-time jobs for the area.
FHR has previously expanded its operations through acquisitions and projects that were worth more than $5.3 billion (€3.9 billion).
Brad Urban, senior vice president of crude oil for FHR says: ‘We believe the Eagle Ford Shale play will produce a large volume of crude oil for a long time – and in amounts that will exceed what local refiners can use. Due to the proximity to Eagle Ford production, we believe Corpus Christi and Ingleside are the best locations for shipping Eagle Ford crude to other markets on the Gulf Coast.’