NOLA Oil Terminal has commenced construction of the first phase of a $930m oil and refined products terminal project in Louisiana, US.
Located Plaquemines Parish of Louisiana, the project will open new channels for importing and exporting crude oil as well as other clean petroleum products.
Go deeper with GlobalData
The construction work of the project is divided into two phases – the first phase involves construction of the wharves and docks and the second phase covers the land-side section.
eEarlier this year, the Port of Plaquemines approved a $300m wharf and dock bond funding for the project.
The NOLA Oil Terminal project will help to provide access for large vessels such as the New-Panamax and the Suezmax in Mississippi River.
Slated to be completed in the middle of next year, the initial water-side phase of the project involves construction of two deep water berths for the tankers as well as one barge dock.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe two berths will have capacity to moor 170,000-tonne vessels and the barge dock will serve inland and oceangoing tank barges.
The second phase of the project involves construction of land-side storage facilities.
Once operational, the NOLA Oil Terminal is expected to have the capacity to accommodate up to six tankers per week.
NOLA Oil Terminal chief operating officer Christian Amedee said: “Crude oil and clean petroleum products such as gasoline, diesel, and jet fuel are significant trade products for Louisiana, but we aren’t able to take advantage of the larger vessels.
“This terminal will be the first in the area to be able to accommodate vessels which currently are too large and deep to dock in the Mississippi River or in most Gulf of Mexico and Eastern Seaboard ports. The positive impact on Louisiana’s economy will be immense.”
Through completion of two phases, the project is expected to create more than 1,000 construction jobs.
———————————————————————————————————————
Rendering of the finished site, featuring two wharfs capable of accommodating 1200-foot vessels and a storage capacity as high as 10 million barrels. Credit: Business Wire.
