Inspectioneering
News

Oiltanking Acquires Storage Terminal in Texas City

Oiltanking North America LLC, April 13, 2017

Oiltanking North America, LLC (Oiltanking) has acquired  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 opportunitiesOTGAL 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.

 

 

Click here to read the full article from Oiltanking North America LLC.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Interested in equipment reliability & integrity? Sign up for weekly updates.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.