06 March 2013 20:35 [Source: ICIS news]
HOUSTON (ICIS)--A petrochemical terminal operator has begun building a $150m (€116m) bulk liquid facility on the Houston Ship Channel, the company said on Wednesday.
Intercontinental Terminals Co (ITC) said the terminal in Pasadena on the south side of the ship channel will have 10 tanks of 100,000bbl each when it is finished in the second quarter of 2015.
The terminal for petroleum and petrochemical liquids and gases will contain two deep water ship docks and four barge docks capable of handling ocean tankers as well as inland barges, ITC said in a release.
ITC bought the site in 2010, purchasing 180 acres of land one mile south of the Beltway 8 bridge.
A wholly owned subsidiary of Mitsui USA, ITC currently operates a 12.8m bbl liquid bulk terminal in Deer Park, Texas, about five miles north of the new terminal site.
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