News Archive
Cargo Continues to Move at Port Houston
October 28, 2021 - HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met Tuesday for its regular monthly meeting. Port Houston Chairman Ric Campo opened the meeting by expressing his appreciation for all “the people working together to keep the cargo moving.” Chairman Campo acknowledged the unprecedented challenges...
Read More
Led By E-Commerce Growth, Demand For Houston Industrial Space Outpaces Supply For The First Time In
October 27, 2021 - Strong demand for consumer goods, rapid population growth and a global supply chain strain that handed Port Houston a unique opportunity to capture traffic from the backed-up Ports of Los Angeles and Long Beach are converging to make Houston a prime destination for e-commerce ...
Read More
LyondellBasell, Covestro project converts water-based waste to energy
October 25, 2021 - Chemical company LyondellBasell and its German-based partner Covestro have developed a project that converts water-based waste to energy, the companies said Monday.LyondellBasell, with headquarters in Houston and Rotterdam, and the German-based polymer manufacturer have completed their Circular Steam Project in the Netherlands. The companies, which built a...
Read More
ExxonMobil ramps back up construction on $500M expansion after pause
October 20, 2021 - After hitting the pause button during the beginning of the coronavirus pandemic, ExxonMobil is back on track to open its $500 million polyolefin expansion by the end of 2022. The company began in 2019 and expected to complete construction this year but demand for vehicles plummeted and ExxonMobil slowed construction on the...
Read More
Enterprise Products planning another $435M project in Mont Belvieu
October 19, 2021 - Enterprise Products Partners LP (NYSE: EPD) is considering a $425 million addition to its massive petrochemical and manufacturing complex in Mont Belvieu, northeast of Houston.The Houston-based midstream giant wants to add a propane-propylene splitter unit to the Chambers County complex, according to documents published by the Texas comptroller’s...
Read More
Pipe manufacturing co. Tenaris restarts Houston-area plant after Covid closure
October 17, 2021 - Luxembourg-based steel pipe manufacturer Tenaris SA (NYSE: TS) has restarted its Baytown plant, which temporarily closed in April 2020 amid the height of Covid-related economic turmoil and low oil prices.Tenaris has been working to restart the plant since March by hiring, training, installing new equipment, performing commissioning...
Read More
A Big Day for Port Houston, A Big Day for the Region
October 11, 2021 - HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met today in a special meeting to consider the first dredge contract for Project 11, the Houston Ship Channel billion-dollar expansion and deepening program.Great Lakes Dredge & Dock Company, LLC was awarded up to $95,375,349 to dredge 11½-miles...
Read More
ExxonMobil to build its first large-scale plastic waste advanced recycling facility
October 10, 2021 - IRVING, Texas – ExxonMobil plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas, and is expected to start operations by year-end 2022. Advanced recycling operation in Baytown, Texas will be among the largest in North America Commercial volumes of certified circular polymers available by year-end 2021...
Read More
How a Lego-like shipping container is bringing the future of mobile medicine to Harris County
September 30, 2021 - The future of mobile medicine is coming to Harris County, focused initially on community-based COVID-19 testing but available for any emergency response or disease care.The so-called SmartPods, portable aluminum units developed by Baylor College of Medicine for the Ebola outbreak in Africa and envisioned by NASA for the Mars...
Read More
These Were 6 Of The Biggest Industrial Leases In Houston During Q3 2021
September 29, 2021 - Houston’s industrial market continued to enjoy strong momentum during the third quarter of 2021. Fueled by demand for e-commerce and consumer goods, at least 15 leases of more than 100K SF were signed during the quarter, according to research collected by Avison Young.Brokers and industry experts...
Read More