Business Facilities - October 2008 - (Page 28)

Lowrey at the groundbreaking. “The Velasco Terminal will facilitate Port Freeport having a still-greater positive economic impact upon the community we serve.” Port Freeport Executive Port Director A.J. “Pete” Reixach Jr. says the Velasco Terminal, which is to include the Port’s seventh cargo berth and involves the completion of that berth’s initial 800-foot length and related backland development. The entire Velasco Terminal project is planned for a total of 2,400 linear feet of berth space with approximately 100 acres of backland development that could handle as many as 800,000 to one million 20-foot-equivalent container units annually. The Velasco Terminal plan already has attracted substantial interest throughout the world, Reixach says. Also, culminating more than seven years of efforts, the Freeport LNG (liquid natural gas) terminal on Port Freeport’s Quintana Island property is in operation, having received its first vessel shipment of liquefied natural gas in April. The $750 million-plus project, developed by Freeport LNG Development L.P. and ConocoPhillips, Port Freeport already has been a generator of more than 1,500 construction jobs and will maintain a role as a significant force in the economic well-being of Port Freeport and Brazoria County, as well as in providing a ready source of eco-friendly energy. The Freeport LNG receiving terminal and regasification facility, which entered planning stages in early 2001, now is in service on 172 acres on Quintana Island, where its twin white tank domes quickly have become a landmark for mariners. The terminal’s first vessel call came on April 15, when a 908-footlong LNG tanker arrived from Trinidad & Tobago carrying 133,000 cubic meters of LNG. On May 9, a second vessel brought a similar shipment, with the combined offloaded cargo sufficient to fill the two tanks to 80 percent of storage capacity. “We’re really excited about bringing additional ships and LNG into Port Freeport,” says Bill Henry, vice president of Freeport LNG Development L.P. By the end of 2008, wind energy units capable of producing enough electricity to power two million U.S. homes are anticipated to have moved through Port Freeport, according to officials of RBC Projects LLC. Since April 2007, Houston-based cargo specialist RBC Projects has imported into Port Freeport from India wind turbines able to generate power for nearly 700,000 homes. “We are hoping to increase the shipments to nearly 500 turbines in 2008,” RBC President Prasad Menon says. “We also are anticipating an increase in ship calls from 12 ships presently to about 25 ships in 2008.” Philadelphia Regional Port: Hidden Jewel Ready to Shine The Port of Philadelphia is the number one perishables port in the U.S. But Philadelphia offers much more: the ports of the Delaware River rank third in the U.S. for steel imports, and are among the nation’s key entry points for forest products and cocoa. Philadelphia has grown over 20% in container throughput for three years in a row, according to the Philadelphia Regional Port Authority (PRPA). In addition to its state-of-the-art marine terminals, the Port of Philadelphia has the supporting infrastructure necessary for quick and efficient cargo transport. This infrastructure includes adequate channel depths, rail linkages, major highways, hundreds of trucking services, and a network of private warehouses. Currently, the port’s facilities are serviced by three class-one railroads: CP Rail, CSX, and Norfolk Southern. CP Rail provides regular services between Philadelphia and the major eastern Canadian points of Montreal and Toronto. CSX provides daily service between Philadelphia and major Midwestern, Southern and Southeastern U.S. destinations. Norfolk Southern provides double-stack intermodal service between Philadelphia and major Midwest destinations. A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S 28 OCTOBER 2008 PHOTO CREDIT: PORTFREEPORT.ORG

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Business Facilities - October 2008 Contents First Word Snapshots Metro Spotlight: Phoenix, AZ Essential Relocation Tips Metro Spotlight: Fayette County, GA Corporate Moves: Kentucky Austria: Hungry for International Trade Foreign Trade Zones: Global Expansion at Reduced Cost New York is Banking on High-Tech Growth Metro Spotlight: Cuba, MO The Garden State is Growing it's City Centers Information Technology: No Signs of a Slowdown Advertiser Index Inside LiveExchange

Business Facilities - October 2008

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