Oiltanking Acquires Terminal in Texas City
OTGAL is located to the Northwest of Oiltanking’s existing Texas City marine terminal and has extensive pipeline connections to it. The newly acquired OTGAL terminal has 78 tanks, five truck racks with loading and unloading capabilities and significant railcar spots for loading, unloading, and storage.
The terminal provides substantial room for rail, truck, pipeline and storage expansion along with the opportunity to become an industrial park. A key advantage is its close proximity and pipeline connection to the Oiltanking Texas City terminal which offers sophisticated infrastructure with approximately 550,000 cbm (3.5 million barrels) of liquid petroleum products, renewables, chemicals and gas storage capacity. The Texas City terminal has rail and truck capability and has two docks for vessels with up to twelve meters (40 feet) draft and eight barge docks.
The acquisition of the OTGAL terminal facility was done in parallel with the recently announced purchase of the 89 hectares of industrial land to enable the development of the Texas Independent Deepwater Expansion ("TIDE") terminal facility.
Both acquisitions fit perfectly with the Oiltanking strategy to offer excellent terminal services in key petroleum and chemical markets in North America. The port of Texas City is home to a vast refinery market and several chemical companies. Its short sailing time to open water and uncongested marine traffic position makes the port a highly valuable player in the Houston market.
Oiltanking North America, LLC, a fully-owned subsidiary of Oiltanking GmbH, is headquartered in Houston, Texas, and through its subsidiaries offers diverse facilities for the storage and distribution of chemicals, biofuels and petroleum products.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based, family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 79 terminals in 24 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.
Marquard & Bahls AG
+49 40 37004-0+49 40 37004-7609