Bluewing Midstream Announces the Start of Construction for Its Phase II Expansion Project in Brownsville, Texas
HOUSTON--(BUSINESS WIRE)--May 20, 2019--
Bluewing Midstream LLC (“Bluewing”), a high-growth, bulk liquids terminal and logistics operator with operations in the Port of Brownsville, is pleased to announce the start of construction for its Phase II Expansion Project (“Phase II”) to support growing customer demand. Upon completion, Phase II will add 300,000 barrels of new liquids storage capacity capable of handling gasoline, diesel, jet fuel and other petroleum products. Phase II, when combined with Bluewing’s existing assets in the Port of Brownsville, will provide existing and potential customers approximately 1.1 million barrels of storage capacity serving South Texas and exports to Mexico and other international markets. Bluewing anticipates Phase II to commence initial operations in late 2019.
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Bluewing One Terminal located in Brownsville, Texas. (Photo: Business Wire)
“We are very excited to break ground on our Phase II expansion project and continue to build upon our existing operations,” said Bluewing CEO Todd Reid. “Phase II will allow us to advance our strategic organic development vision while continuing to provide flexible and efficient terminal and logistics solutions to our customers.”
About Bluewing Midstream LLC:
Bluewing Midstream LLC was formed to acquire, develop and operate bulk liquids terminals along the U.S. Gulf Coast. Bluewing’s terminal assets are strategically located in Brownsville, Texas, serving South Texas, Mexico and other international markets. Founded in July 2015 and headquartered in Houston, Texas, Bluewing provides terminaling services including bulk storage, blending, heating and transloading. Bluewing is backed by Energy Spectrum Capital, a well-established private equity firm located in Dallas, Texas. For more information please visit www.bluewingmidstream.com.
About Energy Spectrum Capital:
Founded in 1995, Energy Spectrum Capital (“Energy Spectrum”) is a Dallas, Texas-based private equity firm focused on partnering with premier management teams that are pursuing compelling opportunities in the midstream sector of the North American oil and gas industry. To date, Energy Spectrum has successfully raised approximately $4.4 billion of equity capital across eight funds. For more information please visit www.energyspectrum.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005749/en/
CONTACT: Todd Reid
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY MANUFACTURING CHEMICALS/PLASTICS PROFESSIONAL SERVICES FINANCE
SOURCE: Bluewing Midstream LLC
Copyright Business Wire 2019.
PUB: 05/20/2019 03:32 PM/DISC: 05/20/2019 03:32 PM