Corpus Christi Marine Storage Terminal ground breaking
A ground-breaking ceremony has taken place for a new $128m oil storage and shipping facility at the Port of Corpus Christi. Junction Energy Capital and Castleton Commodities International have joined forced to create the Corpus Christi Marine Storage Terminal.
Located on the Joe Fulton Corridor next to the M&G Chemicals plant the site is designed to load oil and gas products piped in from the Permian Basin and Eagle Ford shale plays.
Junction Energy’s Rob Johnson said: “The idea is to take barrels being produced in the Permian and Eagle Ford, ship them through the facility, load them on the vessels for the ultimate transport to other parts of the U.S. and the world.”
The facility will create around 100 jobs during construction and 30 to 40 jobs once up and running in 2019.
The storage facility will be able to hold 4.5 million barrels of crude oil and process 100,000 barrels per day. Three shipping docks will be created. Phase one will see construction of six storage tanks, each with a capacity of 250,000 barrels, and one dock.
8th Dec 2017