The Annual State of the Port Address at the Solomon P. Ortiz International Center provided a forum for Port Corpus Christi Commission Chair, Judy Hawley to provide an update to the community and stakeholders. With such an incredible rate of growth at Port Corpus Christi and port related industries, the event was sold out with people anxious for a first hand update.
The Corpus Christi Chamber of Commerce hosted approximately 600 people as Mrs. Hawley presented Port Corpus Christi, and it's associated new investment worth upwards of $32 billion.
Pocca the Pelican was even on hand to greet attendees.
The presentation prepared for the 2014 State of the Port is available on the Port Corpus Christi website. Click here to download.
News on the event:
KRIS TV - New Investment in Port Corpus Christi
Recirculating seawater, using natural gas, and building containment units even when not required, are some of the ways the voestalpine Group is building a sustainable future for South Texas at their voestalpine Texas plant. The voestalpine Texas facility at Port Corpus Christi's La Quinta Trade Gateway pledges to minimize their industrial footprint while creating a product of the highest quality. The facility is based at Port Corpus Christi's La Quinta Trade Gateway. South Texas' Port Corpus Christi is one of the United States largest seaports, and continues growing at a phenomenal rate.
voestalpine Texas will produce Hot Briquetted Iron (HBI) and supply some 2 million metric tons for high quality steel production. The US $750 million facility is the Austrian based voestalpine Group's largest foreign inestment to date.
A recent update provided by Energy & Mining International Magazine is available here.
Extensive improvements have been underway at the Trafigura Terminals LLC docks, on the South Side of Port Corpus Christi's Inner Harbor. New deepwater ship docks and several new petroleum product storage tanks have enhanced the property and allowed for greater handling of Eagle Ford Shale crude and condensate.
A recent deal between the Swiss owned Trafigura and Houston, Texas based Buckeye Texas Partners has 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. The deal is set to close at the end of September 2014.
Financial Times - Trafigura sells assets near booming Texas oil port
Large components for the construction of the voestalpine Texas project at Port Corpus Christi's La Quinta Trade Gateway were offloaded at the port's Cargo Dock 9. These heavy steel towers will comprise part of the furnace that will utilize natural gas from the Eagle Ford Shale to process high quality Hot Briquetted Iron (HBI).
voestalpine Texas is under construction and expected to be operational in 2016.
In 2013, voestalpine signed a Memorandum of Understanding (MOU) with Altos Hornos de Mexico (AHMSA). AHMSA is the largest steel maunfacturer in Mexico. Now, voestalpine Texas and AHMSA have finalized the MOU in an agreement where AHMSA will procure 400,000 tons (with an additional option of 250,000 tons) of HBI from the voestalpine Texas facility at the La Quinta Trade Gateway.
The voestalpine Texas facility promises to be an environmentally friendly operation and will be a welcome addition to the burgeoning economy of South Texas.
More information is available regarding the first shipment of construction components and the voestalpine AHMSA agreement from the following sources:
First structural components for voestalpine, Texas project arrives at Port Corpus Christi - World Port Development
Major contract for voestalpine HBI produced in Texas - voestalpine
Ahmsa signs HBI deal with voestalpine - BN Americas
AHMSA books HBI order from voestalpine's Texas plant - SteelOrbis
More building equipment arrives for voestalpine - Caller Times
Structural steel components for the construction of voestalpine Texas' facility at Port Corpus Christi's La Quinta Trade Gateway arrived as project cargo Monday morning at the port's cargo dock 9. This marks an important milestone in the advancement of Austria's voestalpine Group's Texas project. Port Corpus Christi and voestalpine Texas representatives greeted the ship's Captain and Crew upon her arrival at the Port of the Lone Star State, Port Corpus Christi.
The cargo in this first shipment will be used in the construction process of the $750 million Hot Briquetted Iron processing facility at Port Corpus Christi's La Quinta Trade Gateway. The facility is expected to be operational in 2016.
More news on this is available in the following:
voestalpine construction materials arrive at Port of Corpus Christi (+ Video) - Corpus Christi Caller Times