Genesis Energy to expand terminal, build crude pipeline to Exxon’s B.R. refinery

Houston-based Genesis Energy plans to spend $125 million to modernize and expand its Port Hudson terminal, and construct an 18-mile crude oil pipeline connecting the terminal to ExxonMobil’s Baton Rouge refinery. The project, which was jointly announced by Gov. Bobby Jindal and Genesis President and COO Steve Nathanson this morning, is expected to create 50 new jobs. The expansion also will result in an estimated 220 new indirect jobs, along with 45 construction jobs, LED says. Construction will begin soon, with the terminal and new crude oil pipeline work to be completed by the end of the year. The pipeline, 20 inches in diameter, will have an estimated capacity of 350,000 barrels of crude oil per day. LED says Genesis is expected to utilize Louisiana’s Quality Jobs and Industrial Tax Exemption incentives for the project. In addition to improvements at the company’s existing terminal in Port Hudson, including barge dock and truck station facilities, Genesis will add approximately 200,000 barrels of storage capacity to its current 216,000 barrels of storage capacity. Along with the Baton Rouge refinery, the new pipeline will connect Genesis’ Port Hudson facility with ExxonMobil’s Maryland Terminal north of Baton Rouge and the Anchorage Tank Farm in West Baton Rouge Parish. The Maryland Terminal connection is not expected to be completed until the second quarter of next year.