Fortress Transportation and Infrastructure Investors and Jefferson Energy Companies have announced the completion of the Paline pipeline interconnection project.
This project consisted of constructing approximately five miles of new 10-inch pipeline connecting the Paline pipeline into the Jefferson Energy terminal.
The interconnection allows for rateable and efficient light crude oil pipeline movements from Cushing, Oklahoma to the Jefferson Energy terminal in Beaumont, Texas. As a result, numerous light grades of crude oil originating from the most prolific production basins in North America are available for customers at the Jefferson terminal.
Matt Evans, executive vice president and chief commercial officer of Jefferson Energy, said: “In conjunction with Delek Logistics Partners LP senior management and project teams, Jefferson Energy is excited to bring additional inbound pipeline crude oil optionality to customers at the Jefferson Energy terminal. This pipeline is the third successful pipeline project to be completed in the past five months and marks another example of providing efficient logistical solutions for our customers.”
FTAI chairman and chief executive officer Joe Adams added: “Jefferson Energy and the FTAI team remain committed to providing additional opportunities for our current and future customers and to support the long-term vision of the Jefferson Energy terminal.”
The Jefferson Energy terminal is located on the Neches River in the heart of the Beaumont, Texas refining complex. The Jefferson Energy terminal has been in operation since 2012 and currently has over 4.3 million barrels of heated and unheated storage servicing both crude oil and refined products.
In addition to the terminal’s storage and blending capabilities, the terminal has six rail loop tracks, is triple served by the BNSF, KCS, and Union Pacific railroads and utilises two marine docks for regional and global marine movements.
For more information visit www.ftandi.com