Moda Completes Sale of Vopak Moda Houston Terminal Interest
Moda Midstream announced that the company and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda’s 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum, a leading European logistics company for liquid products, with operations in nine countries.
Exolum announces agreement to acquire 50% of a leading ammonia and NGL storage terminal in Houston from Moda Midstream
Exolum, a global leader in liquid product storage and logistics, has entered into a definitive agreement to acquire a 50% interest in Vopak Moda Houston LLC, an ammonia storage, import and export terminal located on the Houston Ship Channel, from Moda Midstream LLC.
One Step Ahead - Clean Ammonia Production Planned At Leading Deepwater Ammonia Terminal
It makes perfect sense, really. If you’re planning to build a large, low-carbon ammonia production facility that’s targeting the export market, why not site it alongside the Gulf Coast’s leading deepwater ammonia terminal? That helps to explain why INPEX Corp., LSB Industries, Air Liquide and Vopak Moda Houston — the last a joint venture of Royal Vopak and Moda Midstream that recently developed the ammonia terminal — are collaborating on the development of a planned 1.1 million ton per annum (1.1 MMtpa) clean ammonia production plant along the Houston Ship Channel. In today’s RBN blog, we discuss the proposed production facility, the markets its clean ammonia would serve, and the benefits of building the project at an existing terminal.
Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel
Vopak Moda Houston LLC
Tokyo-based INPEX Corporation (TSE: 1605) (“INPEX”), Paris-based Air Liquide Group (“Air Liquide”), Oklahoma City-based LSB Industries, Inc. (NYSE: LXU) (“LSB”), and Houston-based Vopak Moda Houston LLC (“Vopak Moda”) have agreed to collaborate on the pre-FEED for the development of a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel. If the development proceeds, the project’s first phase is targeted to produce more than 1.1 million tonnes per annum (MTPA) of low-carbon ammonia by the end of 2027, with options for future expansions.
Global energy companies partner on ammonia production and export project on Houston Ship Channel
Houston Business Journal
Four companies — Tokyo-based Inpex Corp., Paris-based Air Liquide Group, Oklahoma City-based LSB Industries Inc. (NYSE: LXU), and Houston-based Vopak Moda Houston LLC — are partnering to develop a low-carbon ammonia production and export project on the Houston Ship Channel. Click through for more details on the project and companies.
The Great Outdoors
Oil & Gas Journal
Wetlands are a key component of the Houston-area outdoors, and Moda Midstream LLC and the Galveston Bay Foundation (GBF) have partnered to create and preserve coastal wetlands along Galveston Bay.
Moda and Galveston Bay Foundation Announce Partnership to Establish a Coastal Wetlands Preserve for Galveston Bay
Moda and the Galveston Bay Foundation announced a partnership to create and preserve coastal wetlands. As an initial step, Moda has committed financial support to create the Moda Marsh & Wetlands Preserve at GBF’s to-be-built Gessner Center that will house GBF’s education center and headquarters in Kemah, Texas.
In it for the long haul
Tank Storage Magazine
Jon Ackerman from Vopak Moda Houston tells Tank Storage Magazine about the first greenfield terminal in the Port of Houston in more than a decade.
Handling the pressure
Tank Storage Magazine
Tank Storage Magazine talks to engineering specialist Transtech Energy about the challenges involved with building Vopak Moda Houston’s bullet tanks
Vopak Moda Houston Commissions its Fully Operational Marine Terminal in the Port of Houston
Vopak Moda Houston, LLC today announced that its marine terminal in the Port of Houston is fully operational. Formed in 2016, Vopak Moda Houston is a joint venture between Royal Vopak and Moda Midstream. Strategically located in Houston’s refining and petrochemical corridor and in close proximity to multiple ammonia, hydrogen and nitrogen pipelines, Vopak Moda Houston is the first greenfield terminal development in the Port of Houston in more than a decade.
Enbridge completes Acquisition of North America’s Premier Crude Export Facility
Enbridge Inc. announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US $3 billion. The acquisition significantly advances the Company’s U.S. Gulf Coast export strategy and connectivity to low-cost and long-lived reserves in the Permian and Eagle Ford basins.
Moda Midstream and EnCap Flatrock Midstream Agree to Sell Moda Ingleside Energy Center and Other Assets to Enbridge for $3 Billion
Liquids terminaling and logistics company Moda Midstream, LLC and Moda’s financial sponsor EnCap Flatrock Midstream announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center (“MIEC”) and other Moda assets to Enbridge Inc.
Moda Midstream Announces Completion of 10 Million Barrel Crude Oil Storage Expansion at its Texas Facilities
Liquids terminaling and logistics provider Moda Midstream, LLC announced it has placed into service the final 495,000 barrel tank from its 10 million barrel crude oil expansions at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas and the Moda Taft Terminal in Taft, Texas. The completion of this storage expansion brings total storage capacity at MIEC and the Moda Taft Terminal to approximately 12 million barrels.
U.S. Army Corps of Engineers Awards Dredging Contract For Corpus Christi Ship Channel Improvement Project
Port Corpus Christi
The U.S. Army Corps of Engineers (USACE) awarded a $97.9 million construction contract on Wednesday to Callan Marine, Ltd., to complete the second phase of the four phase Corpus Christi Ship Channel Improvement Project. The project increases the channel depth from -47 feet Mean Lower Low Water (MLLW) to -54 ft MLLW, and widens the channel to 530 feet with an additional 400 feet of barge shelves.
Moda Midstream Announces Early Delivery of Expansion Tankage and Provides Project Updates
HOUSTON – Liquids terminaling and logistics provider Moda Midstream, LLC (“Moda”) today announced it has commenced deliveries of storage tanks to customers from its 10 million barrel expansion at the Moda Ingleside Energy Center (“MIEC”) in Ingleside, Texas. To date, Moda has delivered 2.4 million barrels of new storage capacity ahead of schedule and has combined total storage of approximately 4.4 million barrels at MIEC and the Moda Taft Terminal.
Moda Midstream & Lexicon Donation Will Provide Newly Paved Driveways To Four Ingleside Families
Coastal Bend Disaster Recovery Group
Moda Midstream (Moda) and Lexicon, Inc. donated $6,772.50 to the Coastal Bend Disaster Recovery Group (CBDRG) to provide newly paved driveways to four Ingleside families in a check presentation ceremony. The event was held at the Shipp’s family home, on their completed driveway, who received a brand-new, rebuilt home from CBDRG in May of this year. Representatives from Moda, Lexicon, CBDRG and family and friends of the Shipp family were all in attendance to celebrate the donation.
Moda Midstream Announces Ingleside Expansion and Successful Commissioning of VLCC Loading Berth
HOUSTON – January 25, 2019 – Liquids terminaling and logistics provider Moda Midstream, LLC (“Moda”) today announced it has successfully commissioned upgrades to Berth 2A at the Moda Ingleside Energy Center (“MIEC”) in Ingleside, Texas, to enable loading of very large crude carriers (“VLCCs”). Moda developed these upgrades to provide existing and potential customers the ability to safely and cost-effectively load VLCCs at rates of up to 80,000 barrels per hour.
Moda Midstream to Acquire Oxy Ingleside Energy Center Terminal from Occidental Petroleum
HOUSTON – August 8, 2018 – Liquids terminaling and logistics provider Moda Midstream, LLC (“Moda”) today announced it has entered into a definitive agreement to acquire the Oxy Ingleside Energy Center (“IEC” or the “Ingleside Energy Center”) and certain crude oil and LPG infrastructure from Occidental Petroleum Corporation (“Occidental”) (NYSE: OXY). The transactionis expected to close in the third quarter of 2018, subject to customary closing conditions.
Moda Midstream Welcomes New Hires
On behalf of the Moda Midstream family, I am delighted to announce that we have made a number of recent hires to meet Moda’s needs as we look at acquiring and developing a variety of compelling projects. I am particularly pleased that these new hires reunite a number of very talented professionals who have a long, successful history of working together with Bo McCall, Jon Ackerman, Javier del Olmo and myself to develop, operate and grow best-in-class liquids logistics terminals.
Moda Midstream Announces Investment of up to $750 Million by EnCap Flatrock Midstream
HOUSTON – March 17, 2015 – Moda Midstream, LLC (“Moda”), a liquids terminaling and logistics provider, announced today that it has secured an initial equity commitment of $750 million from EnCap Flatrock Midstream and the Moda management team. Moda was formed earlier this year to provide independent terminaling, storage and distribution solutions to refiners, petrochemical manufacturers, marketers and producers of crude oil, condensate, NGLs, refined products and other bulk liquids.