The port authority of Calhoun in Texas has granted exclusive bunkering rights to Texas energy company Max Midstream. The agreement is effective from March 11, 2021 and lasts for the next 50 years.
In September 2020, Max Midstream bought the Seahawk Pipeline and Terminal at the Port of Calhoun from Oaktree Capital, and announced its intention to build a new pipeline to connect it directly to the Eagle Ford and Permian basins.
The company said at the time that it planned to transform Calhoun into an alternative port to Houston and Corpus Christi for oil exporters.
It has also recently opened two trading subsidiaries in Europe and appointed Dan House, formerly head of US crude trading at Mercuria Energy Trading, as its new global head of trading. Max Midstream is also partnering with the Calhoun Port Authority and investing $360 million to deepen and widen the port by 2023 to accommodate Aframax and Suezmax ships.
Todd Edwards, president and CEO of Max Midstream, said: “Not only will Max be able to connect the Permian and Eagle Ford Basins to the Port of Calhoun, but we will also be able to service ships entering the port and provide fuelling support. This gets us one step closer to offering a comprehensive package of services – from transporting oil across Texas, to getting it to the port, to fuelling the ships that will take the product to the European market.”
For more information visit maxmidstream.com