You are currently viewing: News



13-04-2017

Oiltanking acquires terminal in Texas City

Oiltanking North America, LLC is pleased to announce the acquisition of the Oiltanking Galveston County terminal. OTGAL currently handles specialty chemicals and petrochemicals with approximately 69,000 cbm (430,000 barrels) of storage capacity. The terminal is situated on over 200 acres allowing ample room for expansion opportunities.

OTGAL is located to the Northwest of Oiltanking’s existing Texas City marine terminal and has extensive pipeline connections to it. The newly acquired OTGAL terminal has 78 tanks, five truck racks with loading and unloading capabilities and significant railcar spots for loading, unloading, and storage.

The terminal provides substantial room for rail, truck, pipeline and storage expansion along with the opportunity to become an industrial park. A key advantage is its close proximity and pipeline connection to the Oiltanking Texas City terminal which offers sophisticated infrastructure with approximately 550,000 cbm (3.5 million barrels) of liquid petroleum products, renewables, chemicals and gas storage capacity. The Texas City terminal has rail and truck capability and has two docks for vessels with up to twelve meters (40 feet) draft and eight barge docks.

The acquisition of the OTGAL terminal facility was done in parallel with the recently announced purchase of the 89 hectares of industrial land to enable the development of the Texas Independent Deepwater Expansion ("TIDE") terminal facility.

Both acquisitions fit perfectly with the Oiltanking strategy to offer excellent terminal services in key petroleum and chemical markets in North America. The port of Texas City is home to a vast refinery market and several chemical companies. Its short sailing time to open water and uncongested marine traffic position makes the port a highly valuable player in the Houston market.

Sponsor : 

Other News Items

hte and SINOPEC RIPP intensify their collaboration

hte – the high throughput experimentation company announces the successful handover of three high throughput testing systems for advanced catalytic research to ...

22-02-2018

Total, Borealis and NOVA Chemicals to form a petrochemicals JV

Total S.A, Borealis AG and NOVA Chemicals Corporation today announced that affiliates of the three companies have signed definitive agreements to form a joint venture ...

19-02-2018

Grand Bahama to build oil refinery and storage facility

The Bahamas Prime Minister Dr. Hubert Minnis has announced that his government has approved Oban Energies to commence an oil refinery and oil storage facility in Grand ...

17-02-2018

Mammoet awarded contract for Africa’s biggest oil refinery

During a signing ceremony in Lagos on Tuesday, January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project. The new multi-billion-dollar ...

16-02-2018

Saipem receive Duqm refinery E&C contract

Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construction and commissioning ...

15-02-2018

CB&I awarded ethylene plant contract

CB&I today announced it has been awarded a contract valued in excess of $95 million by Samsung Engineering (Thailand) Co. Ltd. for a brownfield ethylene plant at ...

15-02-2018

Emerson and AspenTech form alliance to deliver digital technologies

Emerson and AspenTech announced today they have teamed up to deliver asset optimisation software solutions along with global automation technologies and operational consulting ...

12-02-2018

Exploring future opportunities and challenges for tank terminal operators

The challenges and opportunities faced by tank terminals are changing. The Internet of Things (IoT) and Industry 4.0 (I4.0) offer new ways to increase efficiency and ...

09-02-2018

IIoT and Digital Solutions for Oil & Gas conference gears up for 2nd edition

The Annual IIoT and Digital Solutions for Oil & Gas conference, the international platform for Oil & Gas upstream and downstream producers, EPCs, OFS’ and ...

08-02-2018

Moscow to host worlds largest Petrochemical Conference dedicated to the CIS region

In 2018, Moscow is once again set to host the sixth international CIS Petrochemicals conference which will take place on 11 - 13 April in Four Seasons Hotel.  Over ...

08-02-2018