One-Page Deal Sheet
Targa Resources Acquires Patriot Marine Terminal
Targa Resources Partners Lp Not Disclosed
Announced Date
January 15,2013
Close Date
January 15,2013
Transaction Type
Asset
Location
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Transaction Details: Subscribe to see
Targa Resources Partners LP has acquired additional property on the Houston Ship Channel (Targa Patriot Marine Terminal or Patriot Terminal) that provides expansion potential for both its Petroleum Logistics clean fuels business and its propane/butane export capabilities.
Targa Patriot, which is located about two miles from the Partnership's Galena Park Marine Terminal, includes an existing dock, acreage for expansion build-out, an existing rail siding, and nearby access to the Colonial/Explorer refined products pipeline interconnect hub. The proximity of the Patriot Terminal to Targa's…
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