Petroplex International, a development company of bulk liquid storage tank terminals based in Baton Rouge, La., along with a consortium consisting of Macquarie Group, Quanta Services Inc. and individual investor Mr. Harley Franco, CEO and founder of Harley Marine Services Inc., recently announced that it has raised capital to progress the development of a $600 million multi-modal bulk liquid terminal in St. James Parish with a projected initial storage capacity of 4 million to 6 million barrels.
Petroplex will build a storage and distribution terminal for crude oil, refined petroleum products, fuel oil, chemicals, agrichemicals, renewable fuels, and other commercial liquid commodities and will provide in-tank blending capabilities throughout the facility. The initial phase of the project includes the design, engineering, development, and operation of a state-of-the-art storage terminal that is capable of receipt or delivery between a variety of intermodal systems, including trucks, railcars, marine barges and ocean-going vessels, and connections to the existing and future pipeline infrastructure systems. Once completed, the project will be the only dedicated independent “for-hire” terminal services company serving the growing St. James crude and refining market. Details