Crude by rail: Facility developments progress in Texas, North Dakota

Phillips 66 recently agreed to purchase a crude oil terminal near Beaumont, Texas, from UNOCAL. The transaction is expected to close in the third quarter pending regulatory approvals. With the capacity to store 7.1 million barrels, the Beaumont facility will be the largest terminal in Phillips 66’s portfolio, company officials said in a press release. The terminal features rail and truck loading/unloading facilities, two marine docks and one barge dock.”Given our expectations for increasing volumes of North American crude oil movements into the Gulf Coast region and growth in refined product exports, the Beaumont Terminal is well positioned to serve this growing market while providing significant expansion potential,” said Phillips 66 President Tim Taylor.Meanwhile, Univar Inc. announced it broke ground on a new 52,000-square-foot facility in Elmendorf, Texas, in the Alamo Junction Rail Park that’s currently under construction and is expected to be fully operational by year’s end.The facility will enable Univar to better serve customers at the north end of the Eagle Ford Shale, company officials said in a press release. The company will rely on the nearby rail park — to be served by BNSF Railway Co. and Union Pacific Railroad — to bring product into the facility, as well as blend or package and distribute materials.

via Rail News – Crude by rail: Facility developments progress in Texas, North Dakota. For Railroad Career Professionals.

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