HOUSTON — (Realty News Report) – Contanda Terminals, a Houston-based provider of bulk liquid storage and logistics services in North America, has acquired 339 acres with deepwater access at the Port of Houston where it will construct a shipping terminal.
“With this project, Contanda has the opportunity to make significant strides in achieving our corporate goals while firmly establishing our position as a leading storage provider in the growing petrochemical and hydrocarbon markets,” said G.R. (“Jerry”) Cardillo, President and CEO of Contanda. “We firmly believe in the Port of Houston, its capabilities and the opportunities it presents to our customers and shareholders. We look forward to further developing one of the largest ports in the world.”
The land acquisition enables Contanda to continue to develop its key strategic business objective of doubling its terminal storage capability over the next five years, and expanding into the bulk petrochemical and hydrocarbon markets. This will further strengthen the company’s presence along the U.S. Gulf Coast where project investments have surged since 2014 and Contanda already operates three other bulk terminals.
Contanda’s terminal facility will be built in phases to provide customers access to onsite processing, multiple ship and barge docks, and convenient tank truck and railcar accessibility. The facility is centrally located for numerous pipeline connections providing support storage services for a variety of commodities including petrochemical, clean petroleum products, various blend stocks, ethanol, crude oil, and refinery intermediates and other bulk commodities.
Contanda currently operates three storage terminals in the Houston area and 13 other bulk terminals across North America.