News Archive
Movin’ on up - Grand Parkway is bringing development to the northeast side of Houston
May 16, 2024 - To someone driving down U.S. Highway 90 into Dayton in Liberty County, it may not be apparent what many residents of the roughly 10,000-resident town have known for a while: Change is coming to the area.While most of the land along the highway outside the city is lined...
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ONEOK to acquire Gulf Coast NGL pipelines for $280 million
May 12, 2024 - ONEOK, Inc. announced that it has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million, subject to customary purchase price adjustments.The transaction includes approximately 450 miles of NGL pipelines located in the strategic Gulf Coast market...
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Exxon Mobil OKs second advanced recycling facility at Baytown complex
May 6, 2024 - Spring-based Exxon Mobil Corp. (NYSE: XOM) is developing a second advanced recycling facility in Baytown as it plans to have processing capacity for more than 1 billion pounds of plastic waste globally by 2027.Exxon announced on May 6 that the second facility reached a final investment decision, with startup planned for 2025.The...
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Port Houston Awarded Nearly $27 Million For Clean Truck Program
April 24, 2024 - In a release issued on Wednesday, the U.S. Department of Transportation’s Federal Highway Administration announced that Texas was awarded a $26.9 million grant for the Port Houston new clean truck program to help reduce air emissions. Port Houston’s CLEANSTACS Program (Catalyzing Lower Emissions with Alliances and...
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Port Houston awarded $26.9 million, mostly for electric trucks for cargo yard
April 23, 2024 - Thirty new electric trucks are coming to Port Houston, as part of a federal program aimed at reducing pollution around America's ports.Transportation officials announced Wednesday that Port Houston would receive $26.9 million for new short-haul trucks, portable chargers and other upgrades at the cargo...
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Riceland ‘sprouts up,’ buyers respond
April 23, 2024 - They’re going vertical at Riceland.Hundreds of home-building construction workers are raising walls and tacking down roofing plywood on dozens of houses sprouting up in the first phase of the master planned Mont Belvieu housing development at the corner of Eagle Drive and Eagle Pointe Boulevard.Developers expect...
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US awards about $335m of investment tax credits for new hydrogen-equipment manufacturing facilities
April 18, 2024 - About $335m of investment tax credits have been awarded to eight companies for the construction of new hydrogen-equipment factories in the US, according to the US Department of Energy.Five of the awards of the Qualifying Advanced Energy Project Credit, also known as 48C, will go towards the construction of...
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Here’s why Kinder Morgan leased space at the Houston Ship Channel
April 18, 2024 - Houston-based Kinder Morgan Inc. (NYSE: KMI) is developing a carbon sequestration project near the Houston Ship Channel, joining several other carbon sequestration projects taking advantage of Houston’s vast amount of industrial emissions.Kinder Morgan and TGS Cedar Port Partners LP, which is leasing 10,800 acres of pore space...
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Kinder Morgan and massive industrial park owner team up for project near Houston Ship Channel
April 16, 2024 - Kinder Morgan Inc. (NYSE: KMI) is working with the owner of a massive industrial park in the Houston area on a carbon storage project.During its first-quarter 2024 earnings call April 17, the Houston-based midstream giant announced it had executed a pore space lease agreement with TGS Cedar Port Partners LP,...
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Blue Tide Environmental: Re-refining facility nears completion of Phase 2 expansion
April 7, 2024 - BlueTide Environmental, a pioneering force in sustainable oil production, is on the brink of completing Phase 2 of its ambitious re-refining facility expansion project in Baytown. With the first phase concluded in late 2023, which saw the successful production of Vacuum Gas Oil (VGO), the company now progresses to the construction of...
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