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Two companies are planning chemical storage and distribution centers on the Gulf Coast to serve chemical makers that are expanding their facilities to take advantage of low-cost natural gas from shale. In Pasadena, Texas, Mitsui & Co.’s Intercontinental Terminals subsidiary will spend about $150 million to build a storage terminal for bulk liquid chemicals and petroleum. The firm expects the terminal will open during the second quarter of 2015. Intercontinental already owns a terminal in Deer Park, Texas. Meanwhile, in Baton Rouge, La., Katoen Natie USA, part of a Belgian logistics company, will spend $150 million on a plastics storage, custom packaging, and distribution facility. To open in 2018, the center will be Katoen Natie’s seventh U.S. site.
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