TransMontaigne to Invest $60M in Expansion Projects

TransMontaigne Partners L.P. is investing approximately $60 million in terminaling and pipeline expansion projects at its Port of Brownsville facilities, the company announced May 9.

The investment was made possible after securing agreements with third parties for the construction of new facilities in Brownsville for the storage of gasoline, diesel and additives for further transportation by truck and the Diamondback Pipeline to the U.S./Mexico border.

The Diamondback pipeline consists of an 8-inch pipeline that previously transported propane approximately 16 miles from the TransMontaigne facilities in Brownsville to the U.S./Mexico border and a parallel 6-inch pipeline that has been idle and can be used to transport additional refined products.

The company expects the first tanks of the additional storage capacity under construction to be completed and ready for commercial service by the end of 2018 and to recommission the Diamondback pipeline and resume operations by the end of 2019, with the additional storage capacity being completed and placed into commercial service at the same time.