Vopak and Magellan consider terminal in Texas

Independent bulk liquid storage operator Vopak has teamed up with Magellan Midstream Partners to jointly evaluate building a storage terminal in the Houston Gulf Coast area.

Under a recently signed joint development agreement, the two parties will carry out a feasibility study for the new facility, which will store and handle crude oil, refined products and ethanol.

Vopak owns the site in Deer Park, Texas on which the proposed deep water tank storage terminal would be built. The tank terminal infrastructure would include tanks of various sizes, barge and ship docks.

The location already features rail access, automatic truck loading facilities and connectivity to Magellan's refined products and crude oil pipeline systems.