Liquids terminaling and logistics provider Moda Midstream has announced that it has commenced deliveries of storage tanks to customers from its 10 million bbl expansion at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, US. To date, Moda has delivered 2.4 million bbl of new storage capacity ahead of schedule and has combined total storage of approximately 4.4 million bbl at MIEC and the Moda Taft Terminal. Moda expects to deliver half of the 10 million bbl of expansion tankage to customers and will have total capacity of approximately 7 million bbl by the end of 2019.
“I am very pleased to announce the early delivery of tankage to our customers to meet their growing needs,” said Moda President and CEO Bo McCall. “We have received strong demand for additional storage and throughput commitments to support our next expansion phase that will be similar in size to what we are executing today and will be easily accommodated at MIEC’s 925-acre footprint and expansive waterfront.”
Moda also announced that it has commenced new marine enhancements. MIEC will be one of the first destinations to benefit from the Port of Corpus Christi Channel Improvement Project to increase the depth of the channel from -47 ft to -54 ft mean lower low water (MLLW). Moda has begun structural enhancements and dredging to Berth 5. These enhancements will allow for the docking of Suezmax class vessels. They have also begun improvements to Berth 4. These enhancements will allow for the docking of very large crude carriers (VLCCs).
“We are thrilled to be adding a second VLCC berth at MIEC to give our customers unparalleled optionality,” McCall added. “MIEC already has the highest marine loading rates and fastest turnaround times of any Gulf Coast crude oil terminal. We are continuing to invest in our waterfront to enhance our capabilities and ensure efficient, safe and reliable loading.”
The company recently placed tankage in service at the Moda Taft Terminal, which is located at the centre of an emerging pipeline and storage hub near Taft, Texas. The Moda Taft Terminal is connected to the EPIC Crude Oil Pipeline and Moda’s 20-in. pipeline between the Inner Harbor and MIEC. The terminal will be connected to the Cactus II Pipeline, the Gray Oak Pipeline and other crude oil systems. Development at the Moda Taft Terminal will provide customers additional storage and delivery optionality with access to key locations in Ingleside and the Port of Corpus Christi’s Inner Harbor.
Read the article online at: https://www.tanksterminals.com/storage-tanks/08112019/moda-begins-delivery-of-storage-capacity-ahead-of-schedule/