Petroplex Reaches Critical Milestone in the Development of a Bulk Liquids
Terminal Facility in St. James Parish
ST. JAMES PARISH, La. -- June 18, 2012
Petroplex International, L.L.C. (Petroplex), a development company of bulk
liquids storage tank terminals based in Baton Rouge, today announced that it
has launched the front-end engineering and design (FEED) study as part of the
progression of the development of a state-of-the-art bulk liquids terminal
facility in St. James Parish, La.
“We are pleased to announce the launch of the FEED study for this project,”
said Mr. Timothy P. Berrigan, Chief Development Officer, Petroplex. “We
continue to build momentum in the development and financing aspects of this
project and hope soon to deliver this much-needed storage, blending and
logistics facility to our anchor customers in the St. James Parish region.”
Petroplex, which is backed by a consortium including Macquarie Group (ASX:
MQG; ADR: MQBKY), through its Macquarie Capital division, Quanta Services Inc.
(NYSE: PWR) and individual investor Mr. Harley Franco, CEO and founder of
Harley Marine Services Inc., announced that QPS Engineering, LLC, a division
of Quanta Services, has been engaged to lead the design and engineering work
of the project, and Verwater B.V. will provide specialist engineering advice
on the storage tanks. The storage and distribution terminal will include a
unit-train facility, barge and ship dock, truck racks and pipeline and will be
designed and tailored to client specifications.
The project is expected to break ground on major construction works following
construction financing close in the first half of 2013 and begin commercial
operations during 2014.
About Petroplex International, L.L.C.
Petroplex International, L.L.C. (Petroplex) plans to build a storage, blending
and distribution terminal for bulk petroleum, chemicals, agrichemicals,
renewable fuels, and other commercial liquid commodities based on a strategic
geographic location, modern infrastructure, a best-in-class management team,
and a strong commercial alliance with creditworthy partners and
counter-parties. Petroplex will serve the market as an independent “for-hire”
terminal service company, providing services in support of trading, blending,
refinery and chemical manufacturer storage needs, and distribution. Original
investors in the project included Mainline Energy Partners No. 2, LLC,
Homeplace Ventures No. 2, LLC and Verwater B.V.
About Macquarie Group and Macquarie Capital
Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 14,200 people and has assets under management of over $US339
billion (as of March 31, 2012).
Macquarie Capital comprises Macquarie Group's corporate advisory, capital
markets and principal investing activities. Macquarie Capital provides
advisory and capital raising services to corporate, institutional and
government clients involved in mergers and acquisitions, debt and equity fund
raising and corporate restructurings.
About Quanta Services Inc.
Quanta Services is a leading specialized contracting services company,
delivering infrastructure solutions for the electric power, natural gas and
pipeline and telecommunications industries. The company's comprehensive
services include designing, installing, repairing and maintaining network
infrastructure nationwide. Additionally, Quanta provides point-to-point fiber
optic telecommunications infrastructure in select markets and offers related
design, procurement, construction and maintenance services. With operations
throughout North America and in select international markets, Quanta has the
manpower, resources and expertise to complete projects that are local,
regional, national or international in scope.
About Mr. Harley Franco
Harley Franco is the founder and CEO of Harley Marine Services (HMS), a
leading marine transportation services company with operations along the
United States West Coast, Alaska, New York / New Jersey Harbor and with an
expanding presence in the U.S. Gulf. Services include the transportation and
storage of petroleum products, ship assist and escort, and the transportation
of general cargo. HMS will provide barging services in and out of the
Petroplex facility and manage the terminal dock.
About Verwater B.V.
Founded in 1922, Verwater has since developed into a specialist in storage
tank maintenance and EPC contracting for tank terminals. With offices
worldwide and over 750 employees who are dedicated to providing excellence,
safety and quality, Verwater has the ability to meet the demands of
specialized projects. Verwater offers services in engineering, tank
construction and maintenance, civil work, piping and coating.
Stephen Yan, +1-212-231-1310
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