Jefferson Energy Companies, a subsidiary of Fortress Transportation and Infrastructure Investors (FTAI) has signed a new contract with ExxonMobil to expand its terminal services.
As part of the new deal, Jefferson Energy will build 1.9 million bbl of new storage capacity at its terminal on the Neches River, in ExxonMobil’s Beaumont, Texas, US refining complex. It will also build five new connecting pipelines to allow ExxonMobil to make better use of the existing marine infrastructure. The expansion work will increase the terminal’s capacity from 4.3 million bbl to around 6.2 million bbl. Engineering and construction work has begun.
Jefferson’s terminal in Beaumont has been operational since 2012. It has blending capabilities, six rail loop tracks, is connected to three major railways and has two marine docks. Jefferson Energy says that it will continue to develop additional storage, marine and rail capabilities, and pipeline connectivity.
In February 2021, Fortress and Jefferson completed the construction of the Cross Channel Pipelines project, which consists of six new pipelines linking the Beaumont refinery to Jefferson Energy’s terminal.
‘Combined with the successful completion of the ExxonMobil Cross Channel Pipelines project in February 2021, this project further strengthens the strong relationship between ExxonMobil and Jefferson Energy. We are excited to again be working with ExxonMobil to build a domestic and international refined products hub while providing safe, best in class logistics optionality to ExxonMobil for years to come,’ said Joe Adams, Chairman and Chief Executive Officer of FTAI.