Oiltanking Acquires Terminal in Texas City
Oiltanking North America acquires the Oiltanking Galveston County terminal. Oiltanking Galveston County currently handles specialty chemicals and petrochemicals with approximately 69,000 cbm (430,000 barrels) of storage capacity. The terminal is situated on over 81 hectares allowing ample room for expansion opportunities.
The terminal is located to the Northwest of Oiltanking’s existing Texas City marine terminal and has extensive pipeline connections to it. The newly acquired Oiltanking Galveston County terminal has 78 tanks, five truck racks with loading and unloading capabilities and significant railcar spots for loading, unloading, and storage.
The acquisition of the Oiltanking Galveston County terminal facility was done in parallel with the purchase of the 89 hectares of industrial land to enable the development of the Texas Independent Deepwater Expansion ("TIDE") terminal facility.