Crude oil transportation, storage and terminalling company Plains All American Pipeline has revealed more details about its project to convert the former Yorktown refinery in Virginia, US into an oil transportation terminal, and expand it.
As part of the remodelling project, Plains All American is building two new crude oil rail facilities for $125 million (€100.9 million), and plans to invest an additional $40 million on expansions and improvements throughout 2012.
Plains All American has refused to disclose the total cost of the Yorktown expansion project, which includes upgrading the terminal’s dock and related infrastructure to handle multiple products. This would also help the terminal receive an increased number of vessels in less time.
The existing facility unloaded trains at a rate of up to 130,000 barrels per day, although it did not receive crude oil via rail. Plains All American has since signed an agreement with CSX that will see rail shipments delivered to the Yorktown terminal.
These new improvements are all expected to become operational at the beginning of next year.
Plains All American acquired the Yorktown refinery from Western Refining in 2011 after it was closed the previous year.