Martin Midstream acquires Texas marine terminal

Martin Midstream Partners LP, Kilgore TX, has acquired a deep water marine terminal located near Beaumont TX from Neches Industrial Park Inc. for $26.5 million. The terminal, on 50 acres on the Neches River, includes two dock structures, nine storage tanks with a total capacity of approximately 480,000 barrels, four rail spurs with service provided by three major rail companies, a bulk warehouse and associated pipelines, pipe racks, compressors, and related equipment. The terminal provides handling and storage for ammonia, sulfuric acid, asphalt, fuel oil, and fertilizer through fee based contracts.