News and Press
INTEGRATED RAIL AND RESOURCES ACQUISITION CORP. ANNOUNCES CONFIDENTIAL FILING OF A $275,000,000 DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING
April 23, 2021
FORT WORTH, Texas–(BUSINESS WIRE)–Integrated Rail and Resources Acquisition Corp. (the “Company”) announced today it has confidentially submitted a draft registration statement on Form S-1 with the Securities Exchange Commission (“SEC”) relating to its proposed initial public offering of 27,500,000 units (the “Units”). Each unit has a proposed offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant. The Company intends to apply to list the Units on the New York Stock Exchange (“NYSE”). The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
UINTA BASIN OIL SHIPMENTS MAY GET BOOST FROM PROPOSED RAIL LINE
February 11, 2021
Us gulf coast, west coast eyed as oil markets
Operating license, federal permits likely by midyear
Construction start in 2023; rail in service early 2025
September 8, 2020
DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners, LP, and the state of Utah’s Seven County Infrastructure Coalition (Coalition) today executed an agreement to advance the Uinta Basin Railway, which will serve the mineral, agricultural, and construction industries of northeastern Utah’s Uinta Basin.
Rail operator proposes to move Utah heavy oil to U.S. Gulf Coast
May 10, 2019
HOUSTON (Reuters) – Investor DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners LP, and rail operator Rio Grande Pacific Corp on Friday disclosed plans to build a $1.5 billion rail line that would transport heavy crude from Utah to connections to the U.S. Gulf Coast.
DHIP and Rio Grande officials said the project aims to deliver about 400,000 barrels per day (bpd) of Uinta basin crude to Gulf Coast refineries looking to replace heavy oil supplies from Venezuela.
“The Uinta has only been restricted from Gulf Coast and overseas refiners as a result of limited takeaway capacity,” said Mark Michel, a managing partner at private equity fund DHIP Group. “We are going to change that.”
Tallgrass Energy and Drexel Hamilton Infrastructure Announce Plans for Plaquemines Liquid Terminal
August 29, 2018
New Mississippi River port facility could ship crude oil beginning in 2020
BATON ROUGE, La. — Tallgrass Energy and DHIP Group, formerly known as Drexel Hamilton Infrastructure Partners LP, have announced plans to build a crude oil export terminal on the Mississippi River in Plaquemines Parish. The proposed Plaquemines Liquids Terminal is permitted for up to 20 million barrels of crude oil storage and could be fully operational by mid-2020.
“Louisiana’s port infrastructure is a vital framework for our economy, and this project will make good use of our export capabilities along the Mississippi River,” Gov. John Bel Edwards said. “Adding a project such as this to our crude oil facilities, our refineries and our growing LNG export network will further strengthen Louisiana’s position as a world energy export leader.”
Tallgrass to Develop New Cushing to St. James Crude Oil Pipeline and Gulf Coast Liquids Export and Import Terminal
LEAWOOD, Kan. – Tallgrass Energy, LP (NYSE: TGE) (“Tallgrass”) toda
The proposed Seahorse Pipeline (“Seahorse”) is expected to be 30 inches in diameter and approximately 700 miles long, with the capacity to transport
Dominican Rep. US$500M bond aims to finish embattled power plant
Santo Domingo. – The Dominican Republic on Tuesday placed a US$500 million bond on the international market, with proceeds earmarked to finish construction on the coal-fired power plant at Punta Catalina, Baní (south), Finance minister, Donald Guerrero announced Tuesday.
He called the bond issue “historic” because of its 10-year rate at 5.10%.