Jefferson Energy Companies has secured a contract to provide terminal services to ExxonMobil in the US.
The contract involves the construction of approximately 1.9 million barrels of new storage capacity at the Jefferson Energy terminal located on the Neches River in the heart of ExxonMobil’s Beaumont refining complex in Texas, US.
Operating since 2012, the terminal currently has more than 4.3 million barrels of heated and unheated storage servicing capacity for crude oil and refined products.
In addition, Jefferson, a unit of Fortress Transportation and Infrastructure Investors (FTAI), will build five connecting pipelines between the Beaumont refinery and Jefferson Energy terminal.
The work is expected to boost the utilisation of its existing marine infrastructure, Jefferson said.
ExxonMobil’s Fuels and Lubricants division Americas business development manager Anant Patel said: “The expansion adds strategic value for ExxonMobil and our Beaumont refinery complex.
“Increasing our logistics capability will help us better serve our customers.”
Jefferson Energy has already commenced engineering and construction for this second phase of the Jefferson Energy terminal master plan, which aims to boost total storage capacity to approximately 6.2 million barrels.
Earlier this year, FTAI and Jefferson Energy completed the construction of the Cross Channel Pipelines project, which links the Jefferson Energy terminal to ExxonMobil’s Beaumont refinery in Texas.
FTAI chairman and CEO Joe Adams said: “Combined with the successful completion of the ExxonMobil Cross Channel Pipelines project in February 2021, this project further strengthens the strong relationship between ExxonMobil and Jefferson Energy.
“We are excited to again be working with ExxonMobil to build a domestic and international refined products hub while providing safe, best in class logistics optionality to ExxonMobil for years to come.”