Magellan teams with Royal Vopak to look at Houston ethanol storage

In Texas, Magellan Midstream Partners and Royal Vopak are jointly assessing the development of a deep water storage and handling facility in the Houston Gulf Coast area.

Under a recently signed joint development agreement, the parties will engage in a feasibility study for a new storage terminal along the Houston Ship Channel to store and handle crude oil, refined products and ethanol. The proposed deep water tank storage terminal would be located on land currently owned by Vopak in Deer Park, Texas and would consist of tank terminal infrastructure including a range of tanks, barge and ship docks facilitating high speed loading rates. In addition, the strategic location along the Houston Ship Channel is characterized amongst others by maximum draft (45 feet), rail access (including unit train capability), automatic truck loading facilities and connectivity to Magellan’s refined products and crude oil pipeline systems.