Genesis has acquired three above-ground storage tanks, located in Texas, representing aggregate capacity of approximately 230,000 barrels that Genesis will refurbish and convert into crude oil capable tanks.
Genesis also intends to construct a truck station, tankage and possible pipeline interconnects at West Columbia, Texas.
These will help in providing incremental transportation service for Eagle Ford and other Texas production through its system to refining markets in the greater Houston/Texas City area.
Genesis is also constructing interconnecting pipeline and other required facilities to provide transportation services for all of the crude oil production from the Hastings field, near Alvin, Texas.
Genesis has also signed agreements and commenced work on a new sour gas processing facility to be installed at Holly Refining and Marketing’s refining complex located in Tulsa, Oklahoma.
The new facility, expected to be completed no later than the fourth quarter of 2012, will remove a portion of the sulfur from the crude oil refined at such complex and result in the potential addition of 24,000 dry standard tons (dst) per year of sodium hydrosulfide (NaHS).
