USD Group, Pinto to build Houston port terminal

USD Group LLC (USDG) and Pinto Realty Partners LP have formed a joint venture to develop a distribution terminal on the Houston Ship Channel, the companies announced last week.

USDG will co-lead commercial efforts for the 988-acre property, TDWP Terminals, which is capable of supporting a rail terminal for liquid hydrocarbons, storage, blending and export operations.

The location offers service from BNSF Railway Co. and Union Pacific Railroad, as well as barge connectivity to major Gulf Coast refining centers and deep water dock connectivity to international markets. The site also supports rail storage operations.

"We believe this site is uniquely positioned to provide our customers with flexible market access to key demand centers — both domestic and abroad — and we look forward to working closely with Pinto to execute on this tremendous opportunity," said USDG Chief Executive Officer Dan Borgen in a press release.

Included in the property are numerous pipeline rights of way, as well as a dredge material storage facility capable of supporting future development needs.