Houston Fuel Oil Terminal Company is adding 1.45 million barrels of crude storage to the facility along with a fifth dock.
The 16.8-million-barrel terminal is located on the US Gulf Coast with pipeline connectivity to the local refining complex, deep water marine access and inbound pipeline and rail & truck receipt capabilities from all major producing basins.
SemGroup, the owner of HFOTC, CEO Carlin Conner said: “In July, we reached a milestone in our growth strategy with the acquisition of Houston Fuel Oil Terminal Company, an extremely versatile, refinery-facing asset that provides stable and growing cash flows even in volatile commodity price environments, as well as significant optionality for further expansion.”
For more information visit www.semgroupcorp.com
17th August 2017