Intercontinental Terminals Company LLC (ITC) announced that construction has begun on a new bulk liquid terminal on the Houston Ship Channel in Pasadena TX. The terminal will provide storage and handling services for petrochemicals and petroleum products as well as petrochemical gases and natural gas liquids.
The new green field terminal is located in Pasadena on the south side of the Houston Ship Channel, one mile west of the Beltway 8 Bridge.
“The new Pasadena terminal secures ITC’s growth opportunities for the future,” says Bernt A Netland, ITC’s president and chief executive officer. “We are excited to meet our customers’ growing need for new marine terminal infrastructure as the industry keeps growing. We are committed to continue ITC’s long standing reputation for safety, customer service and operational excellence and be part of the strong growth in Houston.”
Mitsuhiko Kawai, president and chief executive officer of Mitsui USA adds: “We are very happy for ITC’s new terminal in Pasadena, which shows Mitsui’s resolve to develop infrastructure and participate in the shale gas and oil revolution. This will continue to strengthen our position in serving the American petroleum, petrochemical and energy industries.”
Houston is the largest US port in foreign tonnage, and the largest importer and exporter of petroleum and petrochemical products. As the prime location for the petrochemical and petroleum industries, the area has enjoyed solid growth in recent years. It is poised to grow even faster as a result of the increased activity due to the shale gas and oil revolution.
The new terminal will fill a growing need for additional marine logistics infrastructure in the Houston area. The start up of operations will be second quarter 2015 with 10 tanks of 100,000 barrels capacity each. The terminal will have two deep water ship docks and four barge docks capable of handling large oceangoing tankers as well as inland barges. Multiple product pipelines are adjacent to or near the new terminal, further adding to the logistics capability.
The terminal will have ample rail and truck handling facilities, providing the over $150 million project the ability to handle a wide range of petroleum and petrochemical liquids and gases. With 180 acres of land, the Pasadena terminal has scalability that enables significant further expansion of tanks and marine docks according to the expected growth in demand.
ITC is a wholly owned subsidiary of Mitsui & Co (USA) Inc. Operating on the Houston Ship Channel since 1972, ITC already owns and operates a 12.8-million-barrel liquid bulk terminal facility in Deer Park TX.