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Business and Friendship - Hand in Hand

Port Corpus Christi Authority, the Cities of Corpus Christi, Portland and Gregory and Counties of Nueces and San Patricio signed a Memorandum of Understanding (MOU) with the Tianjin Commission of Commerce, People’s Republic of China in a formal ceremony, Thursday, October 23, 2014 at 1:30 PM at the Solomon P. Ortiz International Center

Esteemed delegates from Tianjin, China and the Coastal Bend region joined together in the signing of the MOU. The purpose of the MOU is to promote friendly contact, culture exchange, and cooperation to benefit the future of the regions surrounding Corpus Christi, Texas and Tianjin, China. Additionally, both regions will work together to facilitate investment in each other’s region, promote cooperation, exchange of technology for the benefit of key industries, and create a friendly commercial environment.

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Port Corpus Christi Executive Director, John LaRue, and Li Shengli, Vice Director of the Tianjin Commission of Commerce

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Vessels moving across the Corpus Christi Ship Channel provide a dramatic backdrop for lunch with delegates.

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In a previous visit to Tianjin; Corpus Christi Mayor, Nelda Martinez, received this stamp set as a gift.  Ms. Martinez utilized the stamp as she signed the MOU in Corpus Christi.

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Affirming friendship and looking towards a productive future, the MOU is signed.

 

Further news regarding this momentous occasion is available in the following links.

Nueces County Record Star: Corpus Christi Port Memorandum

Corpus Christi Caller Times: 'Friendships' key to latest TPCO pact

Press Release

Demand for Land

Abundant natural resources in the region are creating tight spaces within the nation's fifth largest sea port.  Port Corpus Christi spans some 25,000 South Texas acres, bordering beautiful Corpus Christi Bay, and the deep waters of the Gulf of Mexico.   As an excellent location for strategic logistics, and just 70 miles from Texas' Eagle Ford Shale, demand for land around the deep water port manifests greater than ever. 

With ample new international investments totalling in the neighborhood of $33 billion USD, construction is everywhere.  These entities are developing world class, state of the art, efficient facilities along the shores of the Corpus Christi and La Quinta ship channels. 

 Corpus Christi Ship Channel

Inner Harbor - Corpus Christi Ship Channel

From the La Quinta Ship Channel, Oxy Ingelside Energy Center and Flint Hills docks are visible with Gulf Marine Fabricators in the background.

From the La Quinta Ship Channel, Oxy Ingelside Energy Center and Flint Hills docks are visible with Gulf Marine Fabricators in the background.   

M&G Group - Construction

Italy's M&G Group are developing a large tract of land adjacent to the Inner Harbor of the Corpus Christi Ship Channel and Nueces River Rail Yard. 

TPCO America

TPCO America represents a $1 billion USD investment from China and is located adjacent to Port Corpus Christi's La Quinta Terminal.

voestalpine Texas dock construction

voestalpine Texas dock construction

Regarding real estate around the South Texas port, the Corpus Christi Caller Times published the following; Port Property getting tight, expensive.

2014 State of the Port

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

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voestalpine Texas to set industrial example for sustainable growth

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.

$860 million for assets to handle Eagle Ford Shale products

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.

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Read More:

FuelFix - Buckeye Partners to buy $860 million in Trafigura Eagle Ford midstream assets

Financial Times - Trafigura sells assets near booming Texas oil port

 

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The Port of Corpus Christi Speakers Bureau consists of knowledgeable individuals, exciting topics, and personable presenters.
Presentations and Tours are available, and scheduled the 1st and 3rd Tuesday of the month. Security Clearance procedures require scheduling at least 15 days prior to desired date.
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Notice to Port Users:

Notice is hereby provided to all Port users that the Port of Corpus Christi Authority is considering revising Tariff 100-A, Item 220 – Charges for Corpus Christi International Seaman’s Center, to make this a mandatory assessment.

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