Contanda Terminals, a provider of bulk liquid storage and logistics services in North America, recently announced plans to construct a new, large-capacity storage terminal on its property along the Houston Ship Channel to support its strategic expansion into the petrochemical and hydrocarbon storage markets.
The state-of-the-art terminal will be called the Contanda Houston Jacintoport Terminal and will provide up to 3 million barrels of additional petrochemical and hydrocarbon storage capacity. The terminal complex will be situated at the company’s Jacintoport terminal site located at the Contanda Steel location, which was acquired in the fourth quarter 2016.
“This expansion builds on our already established presence for our Houston-based markets,” said G.R. Cardillo, president and CEO of Contanda. “This project meets the growing needs of our customers who have requested additional storage and logistics services to support their growth initiatives. The new Contanda Houston Jacintoport Terminal will strengthen our position as a leading storage provider in our growing renewable, petrochemicals and hydrocarbons markets, and allow us to continue our growth platform in and around the Houston Ship Channel.”
The expansion will add a third Houston-based bulk liquid storage facility to the Contanda portfolio. The automated terminal will provide up to 3 million barrels of additional petrochemical and hydrocarbon storage capacity, a deep-water ship dock, two barge docks along with truck and rail infrastructure. The construction is scheduled to begin October 2018 and the facility is expected to be operational during fourth quarter 2019.
During construction, the project will create more than 200 jobs. Upon completion, there will be more than 20 permanent positions at the Houston facility, the company said.
Contanda awarded the contract to upgrade the existing ship dock to Russell Marine. The dock expansion will take approximately 12 months to complete and ultimately will support larger vessels with drafts up to 40 feet.
In addition to the Contanda Houston Jacintoport Terminal, the Contanda Houston Greens Bayou Terminal (formerly known as Houston 4) is under commercial development and is expected to be operational in 2021.
The 350-acre site on the Houston Ship Channel recently was secured through a long-term commercial agreement with the Port of Houston and also will support the growing petrochemical and refined products industries.
The development of Contanda Houston Jacintoport and Contanda Houston Greens Bayou Terminals are key components of the company’s business plan to double its storage capacity over the next five years. Houston-based Contanda currently operates two storage terminals in the Houston area and 12 other bulk terminals across North America.