24 BULKDISTRIBUTOR
Terminals & Storage
November/December 2015
USD, Pinto in gulf venture
U
SD Group LLC and Pinto Realty Partners have formed a
joint venture to develop a US Gulf Coast terminal on the
Houston Ship Channel.
USDG will co-lead commercialisation efforts for the 988-acre
property, TDWP Terminals, which is capable of supporting a multiple
unit-train per day rail terminal for liquid hydrocarbons, in addition to
storage, blending and export operations.
The location offers direct inbound pipeline access and service from
two Class 1 railroads, as well as the potential for outbound pipeline
and barge connection to major Gulf Coast refining centres and
deepwater dock access to international markets.
“USDG remains committed to developing energy infrastructure
solutions that improve customer access to end markets,” said Dan
Borgen, USDG’s CEO. “We believe this site is uniquely positioned to
provide our customers with flexible market access to key demand
centres – both domestic and abroad – and we look forward to
working closely with Pinto to execute on this tremendous
opportunity.”
The site currently supports rail storage operations and is served by
the Burlington Northern Sante Fe and Union Pacific railroads.
Included in the property are numerous pipeline rights-of-way and a
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MM16 new ad 179x263.indd 1
23/10/2015 18:30
substantial dredge material storage facility, which is capable of
supporting future development needs and may also provide an
economical disposal option for others along the ship channel.
BP, Kinder
strike deal for
US terminals
B
P has reached agreement to part-sell its US terminals in
deal with Kinder Morgan.
BP Products North America Inc reached an agreement with
Kinder Morgan, Inc to offload 15 refined products terminals and
associated infrastructure in a transaction valued at US$350
million.
Kinder Morgan and BP will form a joint venture limited liability
company (JV) terminal business to own 14 of the acquired assets,
which Kinder Morgan will operate and market on the JV’s behalf.
One terminal will be owned solely by KMI.
Kinder Morgan will own 75 percent of the JV, with BP retaining
the balance. The terminals are located in the US Midwest,
Northeast, Southeast and West Coast.
The terminals, with approximately 9.5 million barrels of storage,
are pipeline-connected to key refining and processing centres
across the United States and offer truck, vessel, and barge access
and service capabilities. In connection with the transaction, BP
will enter into commercial agreements securing long term storage
and throughput capacity from the JV, which plans to market
additional capacity to third party customers. The transaction is
expected to close in the first quarter of 2016.
“We are excited to be partnering with BP on this joint venture,”
said John Schlosser, president of Kinder Morgan Terminals. “By
combining BP’s expertise in product trading and marketing with
Kinder Morgan’s strength in operations and terminal
development, the JV is well suited for growth opportunities in
high-demand refined petroleum products markets. We believe
this arrangement benefits BP, Kinder Morgan and third-party
customers.”
Djibouti
gateway
growing
E
thiopia and Djibouti have signed an agreement for a
US$1.55 billion fuel pipeline with Black Rhino Group,
backed by Mining, Oil & Gas Services and Blackstone Group LP,
according to Bloomberg.
The two countries in the Horn of Africa signed framework
agreements on Tuesday for construction of the 550km pipeline to
transport diesel, gasoline and jet fuel from Djibouti port to central
Ethiopia, the companies said.
The pipeline will transport refined oil products from the port to
storage facilities in Awash, Ethiopia, near the capital Addis Ababa.
Currently, Ethiopia imports fuel through the Djibouti port and road
tankers then transport the jet fuel, diesel and gasoline. Some 500
trucks a day deliver product to the load centre, travelling 800km of
narrow two lane road.
Ethiopia’s demand for refined oil products is growing at a rate of
around 15 percent a year. Compared with historically similar
countries on a similar development path, Ethiopia’s demand for fuel
will continue to increase at approximately 20 percent annually.
In another move, French group Rubis is entering the fuel
distribution business in Djibouti. The group won the invitation to
tender for the assets and Total-branded business in the strategically
located country.
Under the agreement Rubis will take control of the largest fuel
distributor in Djibouti, which is present in the fuelling station,
commercial, aviation, marine and lubricants markets, representing a
yearly volume of over 100,000 cbm.
It could also open up future opportunities to Rubis in bulk liquid
storage for imports to and exports from the country, as well as fuel
distribution.