PORT ARTHUR - By the time the new year is rung in again, oil tankers will be able to nuzzle up next to Pleasure Island and unload their cargo no matter the hour of the day.
The marine terminal will receive crude tankers of up to Suezmax class, and will be able to operate without the daylight restrictions imposed on other terminals in the upper Sabine-Neches waterway.
Valero Terminaling and Distribution Co. and TGS Development have formed a joint venture to develop a crude oil terminal on Pleasure Island by the end of 2013.
The joint venture, called PI Dock Facilities LLC, is a $75 million investment, said Terry Doyle, chairman of the Pleasure Island Commission. The new terminal would not only bring jobs to the Port Arthur area but tax revenue, as well.
Crude unloaded at the terminal will be able to reach the Valero Port Arthur Refinery through a new 36-inch pipeline. That pipeline could connect to the other area refineries and the terminal location has enough space — 100 acres — for other similar developments.
Meanwhile, the $10 million Pleasure Island Marina is expected to be complete by the end of January or early February 2013. The new marina will be able to house 300 boats.
Read more at the Port Arthur News.
Listen to Podcast 157 for this story...and more!