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Future Growth

HFOTCO’s capacity expansion is underway with the NTE project, a 3.0 million barrel construction project located in the Company’s North Terminal. The NTE project encompasses three areas within the North Terminal – Area 19 (980,000 barrels), Area 20 (1,200,000 barrels) and Area 16 (800,000 barrels). The Company initiated planning of the North Terminal Expansion in late 2009 as a result of strong customer demand for new tankage. HFOTCO has obtained all required approvals for the NTE project and commenced construction on Area 19 and Area 20 in Q2 2011.

North Terminal Expansion

North Terminal Future Growth & Expansion

The capacity of the NTE project is supported by established customer demand for tankage:

  • Area 19 is fully contracted and under construction.
  • Area 20 is fully contracted and under construction.
  • Area 16 is fully supported by the customer wait list.

North Terminal Expansion - Tank Capacity

  Area # of Tanks Total Storage, barrels
NTE 19 10 980,000
NTE 20 12 1,200,000
NTE 16 8 800,000

The initial phases of this project (Area 19 & Area 20) will become fully operational by year end 2012 and early 2013 with the remaining phase (Area 16) becoming fully operational by year end 2013.

In addition to the NTE project, the Company owns land within the North Terminal that can support at least 2.4 million barrels of incremental storage capacity. This NTE Phase II project currently consists of the Area 23 (1,200,000) and Area 24 (1,200,000) projects, which are anticipated to begin construction in late 2013 and come online by 2016.

North Terminal Expansion Phase II - Tank Capacity

  Area # of Tanks Total Storage, barrels
NTE Phase II 23 12 1,200,000
NTE Phase II 24 12 1,200,000
NTE Phase II TBD N/A Ship Dock #5

An additional opportunity exists to develop a 12-acre HFOTCO property at Moore Road Junction, an established pipeline corridor located approximately seven miles north of the main facility. HFOTCO believes this acreage could support the construction of an additional 1.3 million barrels of crude oil storage capacity. This expansion would give southbound shippers of crude an intermediate storage point and a direct link to the Houston Ship Channel and key USGC refineries via HFOTCO.