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NEWS BULLETIN STORAGE
MORE FOR MAGELLAN IN PASADENA Magellan Midstream Partners is to invest $335m in a new terminal for refined products and ethanol in Pasadena, Texas. Te terminal will have an initial capacity of around 1m bbl (160,000 m3
) and a dock capable of handling
Panamax tankers. Magellan will build a pipeline to connect the new facility to its existing terminal in Galena Park and will also link it to other pipelines, terminals and refineries in the area. “Demand for refined products export
capabilities from the Gulf Coast continues to grow, and Magellan is well-positioned to take advantage of these opportunities due to our extensive pipeline and terminals network,” says CEO Michael Mears. “We are pleased to expand our marine storage capabilities to meet the strong industry demand for both domestic and international exports while solidifying our strategic position as a key provider of storage and transportation services in the Gulf Coast region.”
Te initial development is supported by a
long-term customer commitment, Magellan says, and the terminal could be expanded to include up to 10m bbl of tankage if there is additional demand. Commissioning of the first phase is expected in early 2019.
magellanlp.com
VOPAK MAKES PROGRESS IN PANAMA Vopak has secured approvals for its planned 360,000-m3
terminal in Bahia Las Minas,
Panama. Vopak says it has already signed a long-term contract for some of the new tankage, which will in part help to meet the bunkering needs generated by the expanded Panama Canal. Construction will take some 24 months. In addition to the storage tanks, the
project will involve construction of marine infrastructure, including jetties to handle tankers of up to 80,000 dwt. Vopak says Bahia Las Minas is “strategically situated at the crossroads of international trade and transportation routes for refined products”.
Vopak has also reached a long-term
agreement to manage and operate Chevron’s existing 509,000-m3
terminal nearby. Te
agreement will kick in during the third quarter.
www.vopak.com
OILTANKING BUYS ANTWERP GAS Oiltanking has acquired Antwerp Gas Terminal, one of Europe’s largest independent LPG and petrochemical gas terminals. Te terminal, with an existing capacity of 138,400 m3
, offers
storage, throughput and distribution services for both pressurised and refrigerated LPG and petrochemical gases. “As part of the acquisition, Oiltanking
will focus on further expanding the terminal, in the process combining the long years of operational experience and professionalism of both organisations,” says Oiltanking. “Te company firmly believes that this strategic acquisition will strengthen its leading position as a provider of tailor-made tank storage services.”
HCB MONTHLY | SEPTEMBER 2016
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