| Code: 151289 |

Contanda to build storage terminal at Houston Ship Channel

TINNews |

Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, announced a multi-year commercial agreement with the Port of Houston Authority, for 339 acres of prime deep-water access property, located on the Houston Ship Channel.

Through the land acquisition, the company aims to continue doubling its terminal storage capability over the next five years, and expanding into the bulk petrochemical and hydrocarbon markets, in a bid to strengthen presence along the US Gulf Coast. Contanda already operates three other bulk terminals in the area.

    “This agreement with the Port of Houston Authority solidifies our long-term commitment to grow with the Port of Houston and the Houston Ship Channel…We firmly believe in the Port of Houston, its capabilities and the opportunities it presents to our customers and shareholders. We look forward to further developing one of the largest ports in the world,” said G.R. Cardillo, President and CEO of Contanda.

Further, according to Port Chairman Janiece Longoria, this agreement fits in well within the Port Houston’s strategic growth plan to further support liquid bulk sector, as liquid bulk storage facilities are already in high demand along the Houston Ship Channel.

The automated terminal facility will be built in phases and will be centrally located for numerous pipeline connections, providing support storage services for a variety of commodities including petrochemical, clean petroleum products, various blend stocks, ethanol, crude oil, and refinery intermediates and other bulk commodities.

 

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