The 56-acre Nixon facility is located on the border between Gonzales and Wilson Counties in Nixon.
Blue Dolphin said the facility has a near term processing capacity of 15,000 barrels per day with a storage capacity of 295,000 barrels and, as a topping unit, a low operating cost.
The facility is currently in the final phase of refurbishment with an anticipated restart in the fourth quarter of this year.
Upon completion, the facility will separate input crude oil and condensate into diesel and jet fuel for sale into nearby markets, as well as naphtha and atmospheric gasoil for sale to nearby refineries for further processing.
The company anticipates the initial throughput at approximately 10,000 barrels per day.
Blue Dolphin chairman and CEO Ivar Siem said the light crude oil produced from the Eagle Ford Shale formation and the low transportation costs to gather that crude creates the ideal environment to restart the facility.
Closing of the transaction is subject to the completion of a non-recourse financing to complete refurbishment of the Nixon Facility and the approval by Blue Dolphin’s stockholders.
