Orange County, TX (February 27, 2018) – Site Location Partnership (SLP), a Dallas-based site selection advisory firm, announced that Orange County and the Orange County Economic Development Corporation have approved a Chapter 381 abatement agreement with Jefferson Gulf Coast Energy Partners, LLC to invest $150,000,000 in the expansion of its trans-load facility in Orange County, Texas.
Jefferson Energy Terminal was founded in 2012 to meet the needs of the Gulf Coast Refining market. The vision was to connect the abundant North American crude production to the U.S. Gulf Coast and beyond. The Jefferson Energy terminal became operational in the Fall of 2013. The terminal provides customers with a multi-modal facility connecting rail, marine, truck, and pipeline, loading and unloading capability of ethanol, fuels, and crude oil, and over two million barrels of storage capacity with full buildout potential of 18 million barrels. Jefferson Energy and affiliates have invested over $350 million dollars in the facility since 2012.
“Orange County is excited to partner with Jefferson Energy once again. Since breaking ground in 2012, Jefferson Energy has contributed millions to the Orange County economy. This is a sizeable investment which I believe will be a substantial and long-term asset to Orange County. Jefferson Energy continues to invest in our community. We are thankful for the partnership and look forward to future opportunities to grow Orange County,” comments Jessica Hill, Executive Director of the Orange County Economic Development Corporation.
About Jefferson Energy Companies
Jefferson Energy Companies is a midstream oil company that serves the Gulf Coast. Jefferson Energy Companies is majority-owned by Fortress Transportation and Infrastructure Investors Ltd (NYSE: FTAI), which is managed by Fortress Investment Group (NYSE: FIG). The Jefferson Energy Terminal is a public-private partnership between the Port of Beaumont Navigation District of Jefferson County, Texas and Jefferson Energy Companies.
About Orange County Economic Development Corporation
The Orange County Economic Development Corporation was formed in 2003 to better serve the economic development needs of Orange County. The County of Orange, the Orange County Port and Navigation District and the Cities of Bridge City, Orange, Pinehurst, Vidor and West Orange realized the strengths gained by pooling resources to attract quality jobs and investments to Orange County. The Corporation provides services to assist new and existing businesses expand or relocate to Orange County.
About Site Location Partnership
Site Location Partnership is a multi-disciplined advisory firm that enables the growth of businesses, communities and economies through its two primary consulting areas – corporate site selection and economic development. SLP’s Corporate Location Practice helps companies from industrial and commercial sectors select the optimal location for expansion, relocation or consolidation of business facilities. SLP’s Economic Development Practice assists various organizations in implementing business attraction strategies for new corporate investment, job creation and economic growth.
Media Contact
Ashley Freeman
Research Manager
Site Location Partnership
Phone: 972-874-7483
info@sitelocationpartnership.com
https://www.sitelocationpartnership.com