Coastal Caverns Inc. (CCI), a wholly-owned subsidiary of the Vitol Group, will develop a new propane export facility in conjunction with its LPG storage facility that is currently under development on the historic Spindletop dome in Beaumont, Texas. The new project will include storage capacity for up to six million barrels of domestic and international grade propane as well as a processing facility capable of handling as much as 100,000bbls per day.
The first phase of the project will be designed to treat and export up to 3 million tons of propane per year, with a potential second phase that will allow for up to 6 million tons per year. CCI is located on the site of the historic Spindletop Dome in Beaumont, Texas.
The first phase of the project will be designed to treat and export up to 3 million tons of propane per year, with a potential second phase that will allow for up to 6 million tons per year. CCI is located on the site of the historic Spindletop Dome in Beaumont, Texas.
The entire facility has permits for up to 24 million bbls of liquids storage capacity. Development of CCI’s propane facility began earlier this year with a targeted completion date for the first quarter of 2013.