Extensive improvements have been underway at the Trafigura Terminals LLC docks, on the South Side of Port Corpus Christi's Inner Harbor. New deepwater ship docks and several new petroleum product storage tanks have enhanced the property and allowed for greater handling of Eagle Ford Shale crude and condensate.
A recent deal between the Swiss owned Trafigura and Houston, Texas based Buckeye Texas Partners has guaranteed Buckeye an 80 percent majority interest in the assets held by Trafigura Terminals LLC at Port Corpus Christi. Trafigura gains $860 million US, and retains a 20 percent holding in the terminal. The deal is set to close at the end of September 2014.
Financial Times - Trafigura sells assets near booming Texas oil port
Large components for the construction of the voestalpine Texas project at Port Corpus Christi's La Quinta Trade Gateway were offloaded at the port's Cargo Dock 9. These heavy steel towers will comprise part of the furnace that will utilize natural gas from the Eagle Ford Shale to process high quality Hot Briquetted Iron (HBI).
voestalpine Texas is under construction and expected to be operational in 2016.
In 2013, voestalpine signed a Memorandum of Understanding (MOU) with Altos Hornos de Mexico (AHMSA). AHMSA is the largest steel maunfacturer in Mexico. Now, voestalpine Texas and AHMSA have finalized the MOU in an agreement where AHMSA will procure 400,000 tons (with an additional option of 250,000 tons) of HBI from the voestalpine Texas facility at the La Quinta Trade Gateway.
The voestalpine Texas facility promises to be an environmentally friendly operation and will be a welcome addition to the burgeoning economy of South Texas.
More information is available regarding the first shipment of construction components and the voestalpine AHMSA agreement from the following sources:
First structural components for voestalpine, Texas project arrives at Port Corpus Christi - World Port Development
Major contract for voestalpine HBI produced in Texas - voestalpine
Ahmsa signs HBI deal with voestalpine - BN Americas
AHMSA books HBI order from voestalpine's Texas plant - SteelOrbis
More building equipment arrives for voestalpine - Caller Times
Structural steel components for the construction of voestalpine Texas' facility at Port Corpus Christi's La Quinta Trade Gateway arrived as project cargo Monday morning at the port's cargo dock 9. This marks an important milestone in the advancement of Austria's voestalpine Group's Texas project. Port Corpus Christi and voestalpine Texas representatives greeted the ship's Captain and Crew upon her arrival at the Port of the Lone Star State, Port Corpus Christi.
The cargo in this first shipment will be used in the construction process of the $750 million Hot Briquetted Iron processing facility at Port Corpus Christi's La Quinta Trade Gateway. The facility is expected to be operational in 2016.
More news on this is available in the following:
voestalpine construction materials arrive at Port of Corpus Christi (+ Video) - Corpus Christi Caller Times
We recently reported on the ever increasing number of outbound shipments from your Port of The Lone Star State. With the June numbers from Port Corpus Christi confirming the continuation of the trend, world news sources are taking notice as Port Corpus Christi continues breaking records!
Over 560,000 barrels per day (bpd) of crude oil was shipped out of South Texas' Port Corpus Christi in June of 2014 - 61% more than the same period in 2013, and 5% higher than the preceding month of May 2014.
Please find more on this story in the following links:
Reuters Africa - Corpus Christi crude oil shipments hit record 560,000 bpd in June
My SA Eagle Ford Fix - Corpus Christi shipment of Eagle Ford Shale crude keeps surging
Corpus Christi Caller Times - Outbound crude sails through port at record pace
As your Port of the Lone Star State, Port Corpus Christi continues as a critical component of strategic logistics for the wind power industry. Port Corpus Christi is the nations wind port. This goes hand in hand with the Lone Star State, Texas as the top state in the nation for wind power development.
As an integral part for Texas wind power, wind turbine components are consistently moved via ship, rail, and highway to and from Port Corpus Christi.
Officials with the State of Texas have just announced that Texas will continue to take the lead in wind power installations and will transmit the power across the state through a new and vast network of high efficiency transmission lines. The scale of this project is immense, and could prove to be a great lesson for the rest of the nation to learn from.
The New York Times shares the Texas wind story with the world - "Texas is Wired for Wind Power, and More Farms Plug In"
|BNSF Railway transports wind turbine components from Port Corpus Christi.|
|Wind turbine towers ready for direct highway access from Port Corpus Christi will soon produce Texas wind power.|