Moda Completes Sale of Vopak Moda Houston Terminal Interest to Exolum
(P&GJ) — Moda Midstream and EnCap Flatrock Midstream have finalized the sale of Moda's 50% stake in the Vopak Moda Houston terminal joint venture to Exolum, a prominent European logistics company specializing in liquid products and operating in nine countries. The terms of the agreement remain undisclosed.
“Moda has again accomplished its mission to develop the most advantaged, sophisticated terminaling infrastructure in our industry,” said Moda Midstream CEO and Co-Founder Jonathan Z. Ackerman. “I applaud the collaboration and execution by Moda’s team of experts in commercial development, engineering and design, project management, operations, and sustainability. I also would like to thank the EnCap Flatrock Midstream team for their support over our many years of partnership during the commercialization of the Vopak Moda Houston terminal facility, the Moda Ingleside Energy Center, and other Moda assets.”
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Comments