MMP to Expand Galena Terminal
- Business & Finance
Magellan Midstream Partners (MMP) plans to expand its Galena Park terminal on the Houston Ship Channel in Texas.
The scheme includes construction of a new marine dock capable of handling Panamax-sized ships or barges with up to a 40-foot draft and new pipeline infrastructure.
Magellan is also expanding connectivity between the partnership’s Galena Park terminal and its Houston crude oil distribution system.
The enhancements are expected to cost approximately $115 million, the company said.
Subject to receipt of necessary permits and regulatory approval, Magellan expects the connectivity between Galena Park and the Houston distribution system to be operational by the end of 2016 and the new dock to be fully operational by the end of 2018.
Magellan’s Galena Park terminal is located along the Houston Ship Channel and currently includes approximately 14 million barrels of storage for refined products, blendstocks, heavy oils and crude oil.