USD Group LLC and Pinto Realty Partners LP Form Joint Venture to Pursue U.S. Gulf Coast Development Opportunity
Oct 08, 2015
USD Group LLC ("USDG") and Pinto Realty Partners LP ("Pinto") announced today the formation of a joint venture to develop a premier U.S. Gulf Coast destination terminal on the Houston Ship Channel. USDG will co-lead commercialization efforts for the 988-acre property, TDWP Terminals, which is capable of supporting a multiple unit-train per day rail terminal for liquid hydrocarbons, in addition to storage, blending and export operations.
The advantaged location offers direct inbound pipeline access and service from two Class 1 railroads, as well as the potential for outbound pipeline and barge connectivity to major Gulf Coast refining centers and deep water dock connectivity to international markets.
"USDG remains committed to developing energy infrastructure solutions that improve customer access to end markets," said Dan Borgen, USDG's Chief Executive Officer. "We believe this site is uniquely positioned to provide our customers with flexible market access to key demand centers - both domestic and abroad - and we look forward to working closely with Pinto to execute on this tremendous opportunity."
The site currently supports rail storage operations and is served by the Burlington Northern Sante Fe and Union Pacific railroads. Included in the property are numerous pipeline rights-of-way and a substantial dredge material storage facility, which is capable of supporting future development needs and may also provide an economical disposal option for others along the ship channel.
About USD Group LLC
USDG and its affiliates are engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure assets across North America. USDG is an industry leader in the development of unit-train terminals for the transportation of energy-related products. For more information, please visit the company's website at www.usdg.com.
About Pinto Realty Partners LP
Pinto Realty Partners LP is a real estate investment and development company with a strategic focus on commercial and land opportunities in North America.
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