OC EDC attract attracts Railcar Cleaning, Crude Oil Storage and Trans-Loading Terminal
LaPoint Energy Partners, Inc. is pleased to accept an incentive package from Orange County and the Orange County Economic Development Corporation (EDC) to build and operate a multimillion dollar railcar cleaning, crude oil trans-loading and storage facility in the county. All agreements are tentative pending Commissioner’s approval on Monday, July 13.
“The tax abatement has to be finalized,” Bobby Fillyaw, executive director of the Orange County EDC said. “Commissioners Court cannot approve it until it is finalized. We hope to have the court’s part finished on Monday.”
LaPoint Energy Partners, Inc. announced in June plans to build and operate a $50 million railcar cleaning, crude oil trans-loading and storage facility in Orange County, Texas according to the official website http://txcrudetankcleaning.com/
The Orange County Economic Development Corporation was formed and tasked with attracting high quality development projects that will bring additional jobs and investments to Orange County. The LaPoint Energy Partners Liquids Terminal #1 meets the Orange County EDC objectives well. The project will be built in three phases over the 36 months, by local construction and service companies.
The first phase is expected to be complete by end of the first quarter in 2016.
“Tank cleaning is just one division of the company,” Fillyaw said. “Transloarding, storage and pipeline connectivity are part of the three divisions.”
LaPoint Energy Partners, Inc. plans to hire 50-75 permanent employees by the time the project is completed, and also partner with multiple local service providers for on-going daily operations.
“Orange County is excited to welcome LaPoint Energy Partners to our community. This is a sizeable investment with great paying jobs and it will help to greatly enhance our local economy. I believe LaPoint Energy Partners will be a substantial and long-term asset to Orange County,” said.
Another goal of the Orange County EDC is to attract new businesses that will support or enhance the economic diversity of the area. This new project will serve the Southeast Texas and Southwest Louisiana’s oil producers and railcar owners with ancillary services not currently available in the area.
“LaPoint Energy Partners is a great win for Orange County. $44 million plus investment and the addition of 40 plus high paying jobs for this area will pay dividends for many years to come” Orange County Judge Stephen Brint Carlton said.
Carlton said the county with the EDC has worked on incentives and abatements with the company.
“The court agreed to a range of comfort for incentives and abatements,” Carlton said. “The EDC worked on the negotiations for a tentative deal.”
More details on the incentive package and the construction timelines will be shared over the next 180 days, as the management team completes their negotiations with the EDC and Orange County, acquires a commercial tract of land, and finalizes operational plans.
“Property is under contract negotiations at this time,” Francoise Luca, spokesperson for LaPoint Energy Partners, Inc., said. “We are very excited about this project. We need to finalize agreements first. A location will be announced at then.”
“I am excited Orange Count y will be the home for this LaPoint project,” Carlton said. “I am looking forward to a long relationship with them.”
LaPoint Energy Partners, Inc. is based in Southeast Texas and owned and managed by local business interests with over 50 years of combined experience in the oil services, engineering and construction industries.