The North American bulk liquid storage and logistics services provider secured 339 acres of deep-water access property on the Houston Ship Channel to build the automated terminal facility.
The Port of Houston Authority and Contanda Terminals LLC, a North American bulk liquid storage and logistics services provider, entered into a multi-year agreement in which Contanda has secured 339 acres of deep-water access property on the Houston Ship Channel to construct an automated terminal facility.
The initial phase is scheduled to be operational by the end of 2020, a Contanda spokesperson told American Shipper.
The facility will provide customers to onsite processing, multiple ship and barge docks, and convenient tank truck and railcar accessibility, Port Houston and Contanda said in a joint press release.
“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,” Port Chairman Janiece Longoria said.
The land acquisition is part of Contanda’s business objective of doubling its terminal storage capability over the next five years, and expanding into the bulk petrochemical and hydrocarbon markets.
Contanda currently operates three storage terminals in the Houston area and 13 other bulk terminals throughout North America.