Volume 91 Issue 11 | p. 18 | Concentrates
Issue Date: March 18, 2013

Chemical Storage Centers Set

Department: Business
Keywords: shale gas, logistics, storage, petrochemicals

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 . . .

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