The $600m Pin Oak Terminals in Louisiana that was announced in 2015, is open for business. CEO, Michael Reed was joined by state Governor, John Bel Edwards and local parish, port and other officials for the dedication ceremony.
Michael said: “Pin Oak Terminals is a 15-year-old dream come true which is now being fully supported by the market. Customers have signed agreements for up to almost 4 million barrels for this new grass-roots terminal. Without the support of our customers, our dedicated employees and contractors, the local community, the Port of South Louisiana, St. John Parish officials and Louisiana state government, this would still be a dream.”
Gov. Edwards said: “Today’s official opening of the Pin Oak Terminals is a testament to the continued strength of our energy and chemical corridor. This will be a welcome addition to the local economy of St. John the Baptist Parish, resulting in more than 150 new direct and indirect jobs and fueling the economic growth of Louisiana’s Southeast Region along the Mississippi River.”
Pin Oak’s services include offloading, storage, heating, blending and transfer of petroleum liquids. Company permits allow construction of up to 10 million barrels of storage and unit-train loops on its 431-acre site. The terminal is beginning operations with one dock, a two-bay truck rack and four tanks with a capacity of 424,000 barrels of refined products and biofuels.
For more information visit www.pinoakterminals.com
17th August 2017