Pin Oak Holdings has embarked on an engineering, procurement and construction contract to build more than two million barrels of tank storage capacity.
The contract with Smith Tank & Sons has an option for more capacity to be operational by mid-2017.
Pin Oak is constructing tanks to meet its customer contracts which initially include petroleum, gasoline blendstock, ethanol, VGO and fuel oil. The terminal will be able to add additional product types a new contracts are executed. Pin Oak is capable of handling more than 10 million barrels of product.
Mike Reed, CEO of Pin Oak, says: ‘Our tank designs will offer many service options to our customers and ensures that Pin Oak will maintain a strong competitive advantage over its competitors.’