Oiltanking North America LLC announced the acquisition of the Oiltanking Galveston County (OTGAL) 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.