« BackNews: Houston Ship Channel Investment Doubles Contanda Terminal Storage

Houston Ship Channel Investment Doubles Contanda Terminal Storage

Contanda’s decisive investment in 339 acres on the Houston Ship Channel will double its terminal storage capability over the coming five years.

The provider of bulk liquid storage and logistics in North America can now strengthen its presence along the US Gulf Coast, Tankterminals.com reports.

This region has experienced a surge in project investments since 2014, with Contanda already operating three other bulk terminals there.

Contanda’s new automated terminal facility will be built in stages to provide customers with access to barge docks, on-site processing and convenient tank truck and railcar access. Its central location will facilitate numerous pipeline connections, providing support storage services for various commodities.

Port Chairman Janiece Longoria said: "This positive development fits in well within our strategic growth plan objective to grow and diversify our business base. In addition, this partnership with Contanda helps us optimise and leverage our real estate assets, while helping the company meet its own strategic objectives."

Investments are being made further north, as Verseen of Canada has resubmitted its plans to apply for an LNG export terminal in Oregon.

The new proposal, which has been sent to the US Federal Energy Regulatory Commission, has been altered in response to prior landowner complaints about the project’s environmental impact weighted against its public benefits.

The previous ruling halted the project in 2016.

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