POTAC, LLC (Pin Oak) announced today the acquisition of 236 acres near its terminal in Corpus Christi, Texas, US to further expand its operating capabilities.
The newly acquired site is situated adjacent to the Kansas City Southern (KCS) main rail line and Corpus Christi railyard. The site can accommodate in excess of 10 million bbls of bulk liquids storage, as well as the construction and operation of a full unit train solution.
Pin Oak plans to connect the site through a short distance pipeline to its main site on the Corpus Christi Ship Channel, offering its customers additional tank capacity, as well as rail loading/unloading capabilities through an operational Union Pacific connection and the KCS.
Pin Oak's main terminal is currently under construction, with brownfield expansion of more than 2 million bbls of crude storage, all supported by long-term third-party customer contracts. The connection into the Gray Oak Pipeline is currently under construction and the terminal will be a necessary outlay for Permian and Eagle Ford crude. In addition to the crude oil storage and export capabilities, Pin Oak currently operates multiple pipeline connections to nearby refineries, nearly 1 million bbls of existing storage capacity, a polymer modified asphalt plant, rail loading and unloading facilities, and a truck rack.
Pin Oak is a partnership between Dauphine Midstream, LLC (Dauphine) and Mercuria Energy Group Ltd. (Mercuria). Dauphine and Mercuria, through their partnership, also built and recently sold Pin Oak Terminals, LLC, a marine liquid bulk terminal with approximately 4 million bbls of contracted storage capacity in Mt. Airy, Louisiana, US.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/15012019/pin-oak-acquires-land-for-terminal-expansion/