News and Press

News and Press

STB says transportation aspects of Uinta Basin rail line meet requirements for exemption

January 5, 2021

The transportation aspects of Utah’s Uinta Basin Railway meet the statutory requirement for an exemption allowing construction and operation of the approximately 85-mile line, the Surface Transportation Board has ruled.

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UINTA BASIN RAILWAY GREEN-LIGHTED

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.”

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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.”

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Tallgrass to Develop New Cushing to St. James Crude Oil Pipeline and Gulf Coast Liquids Export and Import Terminal

Aug. 1, 2018

LEAWOOD, Kan.  – Tallgrass Energy, LP (NYSE: TGE) (“Tallgrass”) today announced plans to develop a new crude oil pipeline from Cushing, Okla., to the St. James, La., refining complex, as well as a separate new export–capable liquids terminal strategically located near the mouth of the Mississippi River.

The proposed Seahorse Pipeline (“Seahorse”) is expected to be 30 inches in diameter and approximately 700 miles long, with the capacity to transport up to 800,000 barrels of crude oil per day from Cushing to the Louisiana Gulf Coast. The pipeline will operate as a common grade batch system that, along with Tallgrass’ Pony Express Pipeline, will ensure domestic refiners and international markets have access to “clean” barrels from five different production basins.

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Dominican Rep. US$500M bond aims to finish embattled power plant

June 13, 2017


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%.

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