Contanda Terminals LLC, a provider of bulk liquid storage and logistics services in North America, has signed a multi-year commercial agreement with the Port of Houston Authority for 339 acres of deep-water access property located on the Houston Ship Channel.
Contanda’s automated terminal facility will be built in phases to provide access to onsite processing, multiple ship and barge docks.
The facility is 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, according to the company.
As informed, the land acquisition enables Contanda to continue to develop its key strategic business objective of doubling its terminal storage capability over the next five years and expanding into the bulk petrochemical and hydrocarbon markets.
This is expected to further strengthen the company’s presence along the US Gulf Coast where project investments have surged since 2014 and Contanda already operates three other bulk terminals.
“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,” G.R. (“Jerry”) Cardillo, President and CEO of Contanda, commented.
“Liquid bulk storage facilities are in high demand along the Houston Ship Channel and this agreement enables Port Houston to support this vital industry sector,” Janiece Longoria, Port Chairman, said.
Houston-based Contanda currently operates three storage terminals in the Houston area and 13 other bulk terminals across North America.