Texas-based EPIC Crude Holdings said Wednesday one of its subsidiaries has loaded and launched the first shipment of crude oil from the IGC marine terminal, located on the Inner Harbor of the Corpus Christi (Texas) Ship Channel.
The IGC terminal, formerly the International Grain Port Terminal, was repurposed by EPIC to export crude oil while EPIC’s larger export terminal is still under construction, Kallanish Energy reports.
“EPIC’s ability to provide crude oil transport out of the Delaware and Eagle Ford basins and onto export vessels is strategic both for the company and for continued upstream development within the two basins,” said Brian Freed, president of EPIC.
Once completed, EPIC’s marine terminal will consist of two separate dock facilities: the West Dock, IGC, is currently in service and can load up to Aframax-sized tankers (capable of transporting up to 750,000 barrels) at a maximum loading rate of 20,000 barrels per hour.
The East Dock, located adjacent to the West Dock, is a greenfield dock facility that will load up to Suezmax-sized tankers (capable of transporting up to 1 million barrels) at a maximum loading rate of 40,000 barrels per hour. EPIC expects the East Dock to commence operations in the third quarter of 2020.
This post appeared first on Kallanish Energy News.