Corpus Christi midstream energy logistics hubCorpus Christi midstream energy logistics hubhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=125832016-03-25T05:00:00Z2016-03-25T19:40:00Z

​​​​CORPUS CHRISTI - Private equity money has found yet another outlet in the midstream energy sector—this time spanning the distance between Corpus Christi and locations in Mexico.

Sugar Land-based Rangeland Energy has begun to build what it has dubbed the South Texas Energy Products System.

The system is a "hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas and other hydrocarbons at a new terminal hub located in Corpus Christi," according to a statement.

Once stored in the Corpus Christi hub, the materials will then be transported to terminals primarily located in Mexico.

Rangeland is backed by San Antonio private equity firm EnCap Flatrock Midstream, which made an equity commitment to Rangeland worth $300 million in August.

In subsequent phases of Rangeland's development of the project, marine facilities in Corpus Christi will be added to the system, along with the infrastructure that can field other commodities like crude oil, condensate and fuel oil.

The terminal site in Corpus Christi is situated along the Kansas City Southern Railroad mainline, also within five miles of the Port of Corpus Christi and refineries controlled by the likes of San Antonio-based Valero Energy Corp. Citgo Refining and Chemicals Co. and Flint Hills Resources LP.

The Corpus Christi terminal is expected to be in service sometime in 1Q2017.

Houston Business Journal
Corpus Christi
http://www.bizjournals.com/houston/news/2016/03/23/pe-backed-sugar-land-energy-co-to-build-terminal.htmlRead more at the {Source}

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