Crude oil boosted Corpus Christi's results in 2019
The Texan Port of Corpus Christi is looking back in joy on its year 2019. 122.2 million t of cargo were registered throughout the whole year. This is a rise of 13% or 16 million t compared to 2018. This significant growth is attributed by the port authority to increases in energy exports of crude oil and liquefied natural gas.
Growth in crude exports is primarily the result of two new crude pipelines - the Plains All-American Cactus II and EPIC pipelines were brought online in Q3/2019 and helped clinch a record fourth quarter of 37.5 million t, a 17%percent increase over the previous record set in Q3/2019.
Additional milestones in 2019 included the commencement of the long-awaited Corpus Christi ship channel improvement project, the inclusion of the largest Liebherr ship-to-shore portal crane in North America in December 2019 and the completion of a new cement import facility designed for nearly 1 million t per annum. (mw)