Teppco Partners to construct 3 new terminals
May 27, 2008 2:57 PM
Teppco Partners LP, Houston TX, will construct three new refined product terminals along the Tennessee and Cumberland rivers that will supply markets in western Tennessee, according to company information.
Clarksville and Clifton TN will be home to two of the terminals with a third facility to be located at a site which has yet to be determined. Combined, the three new terminals are expected to have 800,000 barrels of storage capacity for gasoline, diesel, and biofuels, and offer improved trucking logistics with supply provided by barge transportation. The initiative is expected to cost approximately $75 million and is projected to be completed during the first quarter of 2010.
Teppco recently established Marine Services business, which is expected to provide barge transportation services to customers of these new terminals from a Boligee AL facility. In addition to the two tank barges and one tow boat Teppco Marine currently uses to supply these markets, four additional tank barges and two new tow boats are slated to serve the new terminals when complete. The terminals offer an additional growth opportunity for TEPPCO to provide more tow boats and tank barges as demand for volumes through the terminals increases. The Boligee terminal, which is expected to be in service this summer, features an interconnect with the Colonial Pipeline system and will be the primary origination point for products that will be delivered to the new terminals.
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