$820M fuels terminal to Houston Ship Channel$820M fuels terminal to Houston Ship Channelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=177782017-09-19T05:00:00Z2017-09-19T21:35:00Z

​​​Picture of the Houston Ship ChannelPASADENA – Valero and Magellan have announced an $820 million fuels terminal.

Valero Energy Corp. announced it will make a $410 million investment in a fuels terminal on the Houston Ship Channel.

The $820 million terminal is expected to be complete in early 2020 and will include 5 million barrels of gasoline and other fuels storage, two marine docks, and truck loading facilities.

Phase one of the facility, a 200-acre marine dock with 1 million barrels of storage, will be able to handle vessels with up to a 40-foot draft and is expected to be operational by early 2019.

The second phase, planned for completion in early 2020, will add 4 million barrels of storage capacity and an additional dock with a 45-foot draft. 

Valero and Magellan said the terminal could be expanded by another 5 million barrels of storage and three more docks.

An existing 18-inch Magellan pipeline from Texas City to Pasadena will also connect to the new terminal.​
Laredo Morning Times
Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
http://www.lmtonline.com/business/eagle-ford-energy/article/Valero-Magellan-announce-an-820-million-fuels-12197590.phpRead more at {Source}

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