Buckeye Texas Partners/Trafigura Terminals LLC


A recent deal between Swiss owned Trafigura Terminals LLC and Houston, Texas based Buckeye Texas Partners guaranteed Buckeye an 80 percent majority interest in the assets held by Trafigura Terminals LLC at Port Corpus Christi. Trafigura gains $860 million US, and retains a 20 percent holding in the terminal. Trafigura has traded physical Eagle Ford crude and condensate since 2011 and added $500M of extensive improvements to the terminal. Now, the Buckeye Texas Hub is located along the Inner Harbor Ship Channel at Port Corpus Christi with Aframax-capable draft up to 45 feet and 5 vessel berths (including 3 deep-water docks), extensive truck and rail access, and significant tankage expansion underway, the Buckeye Texas Hub will be the premier Corpus Christi marine export terminal upon completion. Total storage capacity at the Hub will be approximately 2.3 million barrels of crude, condensate, naphtha, and fuel oil.


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