Group Plans Massive $600M Oil Terminal For Southern La.

Law360, New York (May 9, 2012, 6:10 PM EDT) -- Petroplex International LLC said Wednesday it will push forward with its flagship $600 million Louisiana terminal, which will eventually accommodate the storage and distribution of 10 million barrels of the liquid commodities, including crude oil and fuels, in an emerging liquids hub.

When it goes operational in 2014, the developer said the project will mark the first and only "for-hire" terminal services company in Louisiana's St. James Parish, an up-and-coming focal point in the U.S. crude oil market. It will store and distribute refined petroleum products,...
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