Oiltanking acquires land in Texas City to develop Texas Independent Deepwater Expansion (“TIDE”) terminal

Oiltanking North America LLC has acquired approximately 89 hectares (220 acres) of waterfront and industrial land in Texas City. This land will be used to house the company’s Texas Independent Deepwater Expansion (TIDE) terminal. 

During the initial phase of development, construction of a finger pier will begin with two deep-water docks up to 14 meters draft (45 feet). The new terminal has ample ready-to-build land available to construct more than 1.6 million cbm (10,000,000 barrels) of storage, pipeline interconnectivity and additional jetties as needed for crude oil, petroleum and gas products in the Houston market.

Upon completion of the initial development phase, the terminal will form a viable export, import and blending hub alternative in the Houston market by creating a premier logistics platform with significant flexibility and optionality.

The TIDE terminal is in close proximity to Oiltanking’s existing Texas City terminal which offers sophisticated infrastructure with approximately 550,000 cbm (3.5 million barrels) of liquid petroleum products, renewables, chemicals and gas storage capacity. The Texas City terminal has rail and truck capability and has two docks for vessels with up to twelve meters (40 feet) draft and eight barge docks.

The development of the TIDE terminal fits perfectly with the Oiltanking strategy to offer terminal services in key petroleum and chemical markets in North America.

The port of Texas City is home to a vast refinery market and several chemical companies. It’s short sailing time to open water and uncongested marine traffic position makes the port a highly valuable player in the Houston market.

For more information visit www.oiltanking.com

10th April 2017