Pin Oak Terminals
Pin Oak is a new multi-faceted liquids and chemicals terminal that is currently under construction. The terminal is located at mile marker 144.1 in Mt. Airy, Louisiana (neighboring Garyville, Louisiana) on the Mississippi River and is fully permitted to construct up to 10 million barrels of storage of crude oil, refined products, chemicals, etc. The 431 acre site offers transportation options with direct access to rail, unit train, pipeline, and deep river access (48’ draft) capable of providing optionality as well as increased shipping and dock capacity to customers. It is within 25 miles of four refineries with a total refining capacity of more than 1.3 million barrels of crude/ day. Pin Oak proposes to provide a wide range of services to its customers, including offloading, storage, heating, blending and transfer of crude oil, refined products, VGO, NAPTHA, base oils, chemicals, Ethanol and Vegoil.
The project site is well located to handle all modes of liquid and chemical transportation including rail, pipeline, barge, ship and truck. This offers customers an enhanced ability to move product in and out of the terminal and access multiple markets, including the export markets. The terminal received Foreign Trade Zone status by U.S. Department of Commerce which would provide customers the ability to export products through the terminal. Two Class I railroads run through the Pin Oak property and the size of the site provides the ability to build a full unit-train loop on-site capable of handling two unit-trains without tying up the railroad’s mainline use.
The terminal will have two Aframax ship and connecting barge docks which allows Pin Oak to grow with customer demand. The marine facilities will be located along a portion of the deepest sections of the Mississippi River. At least eleven crude, refined products, NGL, and natural gas pipelines run directly through the property. These assets offer Pin Oak customers many options with respect to connectivity, capability and capacity and thereby make Pin Oak a premium market destination for liquid and chemical products.
As a startup company, Pin Oak Terminals is growing very fast. It is both exciting and challenging. First and foremost, the Finance Department is tasked to help execute our strategy by managing risks and providing timely and accurate information for management’s decision making. We are working to become one of the best run terminals. Our customer-obsessed culture is what drives us every day.
Vice President Finance