Petroplex International, a Baton Rouge-based bulk liquid
storage tank terminals development company, says it has raised
capital to move forward with plans to build a $600 million
multi-modal bulk liquid terminal in St. James Parish,
Louisiana, with a projected initial storage capacity of 4 to 6
Petroplex is part of a consortium financing the project
along with Australian investment bank Macquarie Group and
individual investor Harley Franco, CEO and founder of Harley
The storage and distribution terminal will hold crude
oil, refined petroleum products, fuel oil, chemicals,
agrichemicals, renewable fuels, and other commercial liquid
commodities and will provide in-tank blending capabilities
throughout the facility, developers said.
The initial phase of the project includes the design,
engineering, development, and operation of a state-of-the-art
storage terminal that is capable of receipt or delivery between
a variety of intermodal systems, including trucks, railcars,
marine barges and ocean-going vessels, and connections to the
existing and future pipeline infrastructure systems.
completed, the project will be the only dedicated
independent for-hire terminal services company
serving the growing St. James crude and refining market, officials said.
We are pleased to announce that we are ready to
advance the development of this much-needed project through to
completion, said Mark Helmke, president of Petroplex.
The development team has done an excellent job in
getting the project to this stage. With our consortium partners
Macquarie Group, Quanta Services and Mr. Franco, we are
positioned to promptly deliver an important infrastructure
solution to a high-demand market.
Mr. Helmke said the substantial increase in crude oil
production from domestic shale formations and Canadian oil
sands is rapidly changing product supply flows in North
America, thereby requiring new infrastructure to accommodate
The St. James region is expected to significantly
benefit from new production and crude supply shifts, he
We believe that Petroplex is in an ideal location to
provide terminal services for the seamless movement and storage
of all commercial liquid commodities. The project is strategically located in
close proximity to key intermodal infrastructure, waterways,
refineries and manufacturers and will provide a unique storage
solution to producers.
Construction is expected to commence
during the first half of 2013, and the facility is expected to
begin commercial operations during 2014.