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May 22, 2013

Genesis Energy to expand US rail facilities

Genesis Energy is planning to expand its current rail terminal in Natchez, Mississippi, US, as well as build a new train loading facility, called the Pronghorn Rail Facility, in the Powder River Basin of the Niobrara Shale Play in the US state of Wyoming.

By admin-demo

Genesis Energy is planning to expand its current rail terminal in Natchez, Mississippi, US, as well as build a new train loading facility, called the Pronghorn Rail Facility, in the Powder River Basin of the Niobrara Shale Play in the US state of Wyoming.

The existing Natchez rail terminal manages straight and / or minimally diluted bitumen delivered by Canadian National.

"Genesis is also planning a second phase expansion, under which it will build 60 railcar spots and extra heated tanks."

The company is currently finalising the first phase of the facility at Natchez terminal, which includes 40 railcar spots, scheduled to be completed in June 2013.

Genesis is also planning a second phase expansion, under which it will build 60 railcar spots and extra heated tanks for operational flexibility at the facility, with the second-stage infrastructure scheduled to be operational in late 2013.

Genesis started construction of the Pronghorn Rail Facility, a new unit train loading facility in Converse County, Wyoming, after receiving all necessary permits in early April 2013.

The facility will be served by Burlington Northern Santa Fe (BNSF) Railway and Union Pacific Railroad, and after completion it is intended to offer better options for shippers to serve more destinations.

According to Genesis, the facility will be integrated to its current gathering system in the region and will be completely operational in late 2013.

Genesis expects to invest about $75m to carry out both the Natchez second phase and Pronghorn rail facility projects and it aims to finance them with funds under its revolving credit facility.

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