A joint venture has been established between the USD Group (USDG) and Pinto Realty Partners to develop a liquid hydrocarbon terminal on the Houston Ship Channel.
USDG will co-lead commercialisation efforts for the 988-acre property, called TDWP Terminals, which will be capable of supporting a multiple unit-train per day rail terminal for liquid hydrocarbons as well as storage, blending and export operations.
The location offers direct inbound pipeline access and service from two Class 1 railroads, as well as the potential for outbound pipeline and barge connectivity to major refining centres across the Gulf Coast. Additionally, it also has deep water dock connectivity to international markets.
Currently, the site supports rail storage operations and is served by the Burlington Northern Sante Fe and Union Pacific railroads.
Included in the property are numerous pipeline rights-of-way and a substantial dredge material storage facility.
Dan Borgen, USDG’s CEO says: ‘We believe this site is uniquely positioned to provide our customers with flexible market access to key demand centres, both domestic and abroad.’