South Texas Energy Products System
Rangeland is the developer of the South Texas Energy Products System (”STEPS”). STEPS is an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas (“LPG”) and other hydrocarbons at a new terminal hub located in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico. During the initial phase of the project, refined products and LPGs will be received in the Corpus Christi terminal then shipped to inland terminals located in Mexico. In subsequent phases, marine facilities in Corpus Christi will be added to the system, along with the infrastructure to accommodate additional commodities including crude oil, condensate and fuel oil. The STEPS project will expand upon and leverage Rangeland’s successful track record of developing similar infrastructure in the Bakken Shale and Permian Basin.
The first phase of STEPS is the construction of the terminal in Corpus Christi, Texas, where Rangeland has purchased approximately 190 acres of land. The terminal site in Corpus Christi is strategically situated along the Kansas City Southern Railroad (“KCS”) (NYSE: KSU) mainline within five miles of the Port of Corpus Christi and the Valero, CITGO and Flint Hills refineries. Inbound products initially will be delivered by truck or rail, followed later by pipeline and barge. Refined products and LPGs will move out of the STEPS Corpus Terminal primarily by rail, but the terminal could eventually connect to pipelines and vessels.
The STEPS Corpus Terminal is expected to be in service during the second quarter of 2017. Initial Phase I rail shipments will be by manifest with the facility accommodating unit trains later in 2017. Below is a rendering of the STEPS Corpus Terminal.