New refined products terminal at Port of Brownsville to Serve Local and Mexican markets
Sunoco LP, one of the largest independent fuel distributors in the United States, announced May 6th the development of a refined products terminal at the Port of Brownsville.
The greenfield terminal, with 560,000 barrels of storage, will provide supply flexibility to the company’s existing fuel distribution business in South Texas. The site at the port will also facilitate Sunoco’s efforts to sell into the growing fuels export market to Mexico.
The Port of Brownsville is one of the largest exporters of refined petroleum products to Mexico and is currently expanding its liquid storage capacity to meet the demand of the Mexican market. Combined estimates place the port’s storage capacity at 7.1 million barrels.
Sunoco expects the terminal to be in service by the second quarter of 2022 with a total investment of approximately $55 million of which approximately $40 million will be invested in 2021.