Includes highly strategic property in the Houston Ship Channel with rail, pipeline, barge and deep water connectivity
USD Group LLC (“USDG”) and Pinto Realty Partners LP (“Pinto”) announced
today the formation of a joint venture to develop a premier U.S. Gulf
Coast destination terminal on the Houston Ship Channel. USDG will
co-lead commercialization efforts for the 988-acre property, TDWP
Terminals, which is capable of supporting a multiple unit-train per day
rail terminal for liquid hydrocarbons, in addition to storage, blending
and export operations.
The advantaged location offers direct inbound pipeline access and
service from two Class 1 railroads, as well as the potential for
outbound pipeline and barge connectivity to major Gulf Coast refining
centers and deep water dock connectivity to international markets.
“USDG remains committed to developing energy infrastructure solutions
that improve customer access to end markets,” said Dan Borgen, USDG’s
Chief Executive Officer. “We believe this site is uniquely positioned to
provide our customers with flexible market access to key demand centers
– both domestic and abroad – and we look forward to working closely with
Pinto to execute on this tremendous opportunity.”
The site currently supports rail storage operations and is served by the
Burlington Northern Sante Fe and Union Pacific railroads. Included in
the property are numerous pipeline rights-of-way and a substantial
dredge material storage facility, which is capable of supporting future
development needs and may also provide an economical disposal option for
others along the ship channel.
About USD Group LLC
USDG and its affiliates are engaged in designing, developing, owning,
and managing large-scale multi-modal logistics centers and
energy-related midstream infrastructure assets across North America.
USDG is an industry leader in the development of unit-train terminals
for the transportation of energy-related products. For more information,
please visit the company’s website at www.usdg.com.
About Pinto Realty Partners LP
Pinto Realty Partners LP is a real estate investment and development
company with a strategic focus on commercial and land opportunities in
North America.
Commercial Contacts:
Larry Ruple, (281) 291-3997
VP, Business Development
lruple@usdg.com
or
Ernie D. Cockrell, (713) 209-7440
VP, Commercial Operations
edcockrell@cockrell.com
or
Investor Relations Contacts:
Adam Altsuler, (281) 291-3995
VP, Finance
aaltsuler@usdg.com
or
Ashley Means, (281) 291-3965
Director, Finance & Investor Relations
ameans@usdg.com
or
Media Contact:
Gooden Group Public Relations
Meg Martin, (405) 397-6156
mmartin@goodengroup.com