USD Group LLC and Pinto Reality Parnets LP in joint venture
Published by Angharad Lock,
Digital Assistant Editor
Hydrocarbon Engineering,
USD Group LLC and Pinto Realty Partners LP have announced the formation of a joint venture to develop a premier US Gulf Coast destination terminal on the Houston Ship Channel. USDG will co-lead commercialisation efforts for the 988-acre property, TDWP Terminals, which is capable of supporting a multiple unit-train per day rail terminal for liquid hydrocarbons, in addition to storage, blending and export operations.
The advantaged location offers direct inbound pipeline access and service from two Class 1 railroads, as well as the potential for outbound pipeline and barge connectivity to major Gulf Coast refining centers and deep water dock connectivity to international markets.
“USDG remains committed to developing energy infrastructure solutions that improve customer access to end markets,” said Dan Borgen, USDG’s CEO. “We believe this site is uniquely positioned to provide our customers with flexible market access to key demand centers – both domestic and abroad – and we look forward to working closely with Pinto to execute on this tremendous opportunity.”
The site currently supports rail storage operations and is served by the Burlington Northern Sante Fe and Union Pacific railroads. Included in the property are numerous pipeline rights-of-way and a substantial dredge material storage facility, which is capable of supporting future development needs and may also provide an economical disposal option for others along the ship channel.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/refining/13102015/usd-group-llc-and-pinto-reality-parnets-lp-in-joint-venture-1586/
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