Posted Dec 14, 2023, 4:14 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,184
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https://www.bizjournals.com/houston/...Pos=7#cxrecs_s
Quote:
Moda Midstream sells 50% stake in Houston Ship Channel terminal to Exolum
By Naomi Klinge – Reporter, Houston Business Journal
Dec 14, 2023
A Spanish company is the latest of several international companies to get involved in a new ammonia production and export facility in the Houston Ship Channel.
Exolum, which operates in pipelines and storage terminals in nine countries, is making its U.S. entrance with the acquisition of 50% of the Vopak Moda Houston terminal from Houston-based Moda Midstream LLC, an EnCap Flatrock Midstream portfolio company. Financial terms were not disclosed, but the transaction is expected to close in the first quarter of 2024.
Houston-based Vopak Moda Houston LLC is a 50-50 joint venture between Moda Midstream and Dutch terminals company Royal Vopak, the latter of which retains its 50% stake.
The marine terminal was designed to store and load ammonia for import or export and opened in the end of 2021. It was the first greenfield terminal to open in the Houston Ship Channel in a decade, the companies said at the time.
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