The Port of Houston recently signed a multi-year contract with Contanda Terminals, a Houston-based bulk liquid storage and logistics provider.
The agreement will allow Contanda access to 339 acres on the Houston Ship Channel.
Project investments have increased on the Gulf Coast since 2014. The company will use the land to take advantage of the increase and double its terminal storage capacity over the next five years. It also will expand its markets for hydrocarbons and petrochemicals.
The new terminal will be built in phases. It will include docks, a processing center, and pipelines and will have access to railcars and tanker trucks. Pipelines will carry ethanol, crude oil, petroleum products, and other fossil fuels.
“Liquid bulk storage facilities are in high demand along with the Houston Ship Channel and this agreement enables Port Houston to support this vital industry sector,” Port Chairwoman Janience Longoria, said. “This positive development fits in well within our strategic growth objective to grow and diversify our business base. In addition, this partnership with Contanda helps us optimize and leverage our real estate assets while helping the company meet its own strategic objectives.”
Contanda operates three terminals in Houston and 13 others throughout North America with a total capacity of 7.25 million barrels of storage capacity.