Phillips 66 and also Trafigura to Develop Deepwater Port Off Corpus Christi

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Phillips 66 and also Trafigura to Develop Deepwater Port Off Corpus Christi

Mike Schuler

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March 2, 2020

port of corpus christi
Photo: Port of Corpus Christi

Phillips 66 and also Trafigura have actually developed a joint endeavor to create an overseas deepwater port efficient in completely packing Very Large Crude Carriers off the Port of Corpus Christi,Texas

The overseas port will certainly include as much as 2 solitary factor mooring (SPM) buoys situated around 21 miles offshore to export petroleum.

The joint endeavor, called Bluewater Texas Terminal LLC, is a 50-50 joint endeavor in between both firms.

Phillips 66 sent its application to Maritime Administration (MARAD) for a Deepwater Port License under the Bluewater Texas name in mid-2019.

Trafigura, at the same time, formerly withdrew its very own application which it sent in mid-2018 to the united state Department of Transportation for a MARAD permit to create an overseas incurable called “Texas Gulf Terminals” near thePadre Island National Seashore The evaluation was inevitably put on hold after MARAD and also the UNITED STATE Coast Guard asked for added details.

“We salute Phillips 66 and Trafigura for agreeing to partner in a single point mooring export facility, and for recognizing the Port as an integral part of the success of this ambitious yet much needed capability,” stated Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi.

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