The Terminal would be the first onshore location in the U.S. capable of providing export service to fully-laden Very Large Crude Carriers (VLCCs) and would further the Port's position as the preeminent global crude oil export hub.
VLCC access at the Port of Corpus Christi will open the global markets for U.S. oil producers, pipelines, their supply chains and customers. The result could produce up to a $50 billion annual reduction to the national trade deficit. Importantly, the City of Corpus Christi would benefit from the thousands of direct and indirect jobs as well as billions in incremental economic activity.
Read the full article on the Milling and Grain website, HERE.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
For additional daily news from milling around the world: global-milling.com