Blackwater to boost storage capacity at Georgia chemical terminal
Blackwater Midstream will add 60,000 bbl of chemical storage capacity at its terminal site in Brunswick, Georgia, the company said on Wednesday.
The expansion comes amid a long-term lease with a new customer, company officials noted.
The project is being 100% financed by Blackwater Midstream’s senior lender, J.P. Morgan Chase Bank.
The Brunswick site will grow from its current capacity of 161,000 bbl to a total of 221,000 bbl after construction is completed, according to the company.
The Blackwater Georgia facility is located on six acres of land that is leased from the Georgia Ports Authority.
After completion of phase I, there is additional land for a phase II project that could add another 100,000 bbl of capacity at the site at some point in the future.
“We are extremely pleased to announce this expansion project at our Brunswick terminal,” said Michael Suder, Blackwater Midstream CEO.
“The terminal has been operating at 100% of capacity and securing this additional business is right in line with our business objective of bringing internal growth at our existing sites," he added. "We are very appreciative of the support that we have received from the Georgia Ports Authority.”
Blackwater Midstream is an independent operator of bulk liquid storage terminals with other facilities in the Port of New Orleans in Westwego, Louisiana and Salisbury, Maryland.
The Westwego facility consists of 857,000 bbl of storage capacity, while the Salisbury facility has a total of 177,000 bbl, with both sites capable of storing a wide variety of liquid products.
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