economic impacts...$17.9 billion total economic impact $46.2 billion *prepared by martin &...
TRANSCRIPT
Economic Impacts
2012 EIS* 2016 EIS**Total Jobs 66,689 Total Jobs 126,000
Total income $2.56 Billion Total Income $7.60 Billion
Total Economic Impact $17.9 Billion Total Economic Impact $46.2 Billion*Prepared by Martin & Associates **Prepared by Texas A&M, TTI and
based on 2014 inputs
DOUBLED since 2012
• Shortest Deep Water Channel from Marker no. 01 to Upper Turning Basin (8 miles)= Lower maintenance dredge costs= Lower construction cost to deepen= Lower vessel operating costs
• Centered in a Robust Petrochemical Complex and Home to Dow Chemical Company, BASF, Phillips 66, Enterprise Products
• High Concentration of Plastics Producers in Brazoria County (DOW, BASF, CP CHEM, P66, Shintech, INEOS, LyondellBasell, Ascend)
• Home to the nation’s Largest Strategic Petroleum Reserve at Bryan Mound.
• Largest Importer of Green Fruit on the Texas Coast (Dole and Chiquita)
• Home to the Largest Rice Processing Facility in the World (Riviana Foods)
Key Facts
• 45 Foot Depth
• Authorized to 55 Feet
• 8 mile Channel Length
• Lower Maintenance Costs
• Lower Deepening Costs
• Lower Vessel Costs
Shortest Deep Water Channel on the Texas Gulf
Impacts of Hurricane Harvey
Robust Petrochemical Complex
• 90 Tanks, ~100 products• 6 Active Docks - 3 deep water docks,
15 spotting locations• 7 Flares, 3-PSA’s• 8 Railcar Tracks, 24 Load spots• Tank Truck Loading Racks (2 scales)• Product Blending Area • Plant A Drumming (PAD) facility
Dow Marine Terminal
Freeport LNG Development L.P.
• The planning of Freeport LNG commenced in 2000.• The terminal was commissioned in 2008 to receive LNG.• The USACE permit to widen the channel was issued in 2009.• The US shale gas boom resulted in limited import utilization.• Availability of domestic gas facilitated production/export of LNG. • FLNG received their FERC permit to produce & export in 2014.• Three LNG production lines (called Trains) are being built. • Design production quantity is approx. 15 million tons per year.• A second ship dock has been built to export this quantity.• The Entrance & Jetty channels were widened to 600ft in 2015.• The terminal can now receive the world’s largest LNG ships.• Train No. 1 is due to be commissioned in 2019• Commissioning of Trains No. 2 and No. 3 to follow.
Freeport LNG Development L.P.
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Field or Lease Condensate vs. Plant Condensate
Cargo Diversity – Public Berths
Bulk Aggregate39%
Agricultural Products25%
General Cargo22%
Project Cargo2%Steel Products
4%
Vehicles / RoRo8%
Port Freeport Channel Partners
Multimodal Industrial Park Rail Design complete and approved
by Union Pacific
Port Freeport Commission Approved on June 18th, 2017
Groundbreaking on Aug 18th, 2017
Key Site Characteristics• 100 acres allocated for OEM vehicle
Storage and Processing
• 80 acres allocated for Warehouse Development.
• Distribution Center Potential• Distribution Center = JOBS
• Potential Link to Texas International Trade Corridor
Multimodal Industrial Park
Jason Miura979-233-2667 ext. 4332
WWW.PORTFREEPORT.COM
Questions or Comments
THANK YOU