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Texas COLT submits application to MARAD

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Tanks and Terminals,

Texas COLT, a proposed joint venture among Enbridge Inc., Kinder Morgan Inc., and Oiltanking, has submitted an application with the US Maritime Administration (MARAD) to construct and operate a deepwater crude oil export port located off the coast of Freeport, Texas, US.

The Texas COLT Project includes an offshore platform and two offshore loading single point mooring buoys capable of fully loading a 2 million bbl Very Large Crude Carrier (VLCC) in approximately 24 hours. The offshore facilities will be connected by a 42 in. pipeline to an onshore tank farm that will have up to 15 million bbl of storage capacity.

Today's submittal with MARAD begins the application process for Texas COLT, which is planned to be in-service by 2022.

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