Magellan Midstream Partners plans to expand its Galena Park terminal on the Houston Ship Channel in Texas.
The projects includes the development of a new marine dock capable of handling Panamax-sized ships or barges with up to a 40-foot draft as well as new pipeline infrastructure for the movement of refined products and crude oil to the new dock at rates up to 20,000 barrels per hour.
Additionally, connectivity between Magellan’s Galena Park terminal and its Houston crude oil distribution system is also being expanded.
The project is expected to cost around $115 million (€104 million). Connectivity improvements are expected to be complete and operation by the end of 2016 and the new marine dock is due to be fully operational by the end of 2018.
Magellan also has land available to construct approximately 1.5 million barrels of refined products or crude oil tankage at Galena Park once the new marine capabilities are operational.
Currently the terminal has 14 million barrels of storage for refined products, blendstocks, heavy oils and crude oil.
Michael Mears, CEO, says: ‘Magellan is expanding the capabilities of our Galena Park terminal to meet growing industry demand for marine services.
‘These enhancements continue to solidify our strategic position as a key provider of refined products and crude oil transportation and storage services in the Gulf Coast region.’