|
Trans-Global
Solutions announces new long-term agreement with Deer Park Refining, L.P. for
petroleum coke system and services.
 
Houston, Texas (Sept.
5, 2001) -- Trans-Global Solutions (TGS) today announced the
signing of a long-term petroleum coke contract with Deer Park Refining L.P.
(DPRLP), a Shell-Pemex partnership,. TGS will construct and operate a system to
handle approximately two million tons of petroleum coke a year produced from
the refinery's Delayed Coker Unit.
The $25 million
project includes construction of a deepwater ship loading system on the Houston
Ship Channel, a bulk storage terminal and a conveyor system to be owned and
operated by TGS on property adjacent to DPRLP. Construction will begin this
month with startup projected for December 2002. With this agreement, TGS now
has contractual commitments to handle 7.8 million MT of petroleum coke per year
at various Gulf Coast facilities.
The recently
expanded Deer Park coker unit converts petroleum pitch into petroleum coke. The
petroleum coke will be loaded onto a conveyor, transported to and stored at the
TGS Deepwater Terminal prior to loading by conveyor onto marine vessels for
shipment to customers. The TGS terminal will have the ability to load Panamax
class vessels at a rate of greater than 30,000 tons of coke a day.
Petroleum coke
typically is used by electric utilities for power generation, cement companies
as a fuel source in kilns and in gasification units. Deer Park Refining L.P. is
a 50-50 joint venture of Shell and Pemex.
|