Texas COLT to build crude export facility

Feb 11 2019

Texas COLT has submitted an application to the US Maritime Administration (MARAD) to construct and operate a deepwater crude oil export port located off the coast of Freeport, Texas.

The application was submitted by a proposed joint venture involving Enbridge, Kinder Morgan, and Oiltanking on 31st January, 2019.

Kinder Morgan explained that this project includes an offshore platform and two offshore loading single point mooring buoys (SBM). They will be capable of fully loading a VLCC in about 24 hours.

The offshore facilities will be connected by a 42 inch pipeline to an onshore tank farm that will have up to 15 mill barrels of storage capacity. The facility is planned to be in-service by 2022.

Enbridge is a North American energy infrastructure company involved in a network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation.

Kinder Morgan is one of the largest energy infrastructure companies in North America owning an interest in or operating around 84,000 miles of pipelines and 157 terminals.

Oiltanking is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics.

Last year, Enterprise Products Partners (EPD), unveiled plans to develop an offshore crude oil export terminal off the Texas Gulf Coast.

This facility would also be capable of fully loading a VLCC.

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