Houston Ship Channel

Port Houston Fiscal Year 2024 Budget Approved

Retrieved on: 
Friday, November 17, 2023
Commercial Building & Real Estate, Construction & Property, Other Transport, Supply Chain Management, Maritime, Logistics, Transport, Retail, Lancaster Port Commission, Carbon, Port, Investment, Multimedia, Cargo airline, Social safety net, Houston Ship Channel, Biophysical environment, Fiscal, Bayport Terminal, Renewable energy, Governance, Safety

The Port Commission of the Port of Houston Authority met on Monday, November 13 to conduct its annual Budget Workshop, approving Port Houston’s latest $745 million capital plan and $428 million operating budget, to guide staff in operating and managing facilities and activities for Fiscal Year 2024.

Key Points: 
  • The Port Commission of the Port of Houston Authority met on Monday, November 13 to conduct its annual Budget Workshop, approving Port Houston’s latest $745 million capital plan and $428 million operating budget, to guide staff in operating and managing facilities and activities for Fiscal Year 2024.
  • Capital awards of nearly $613 million are anticipated next year that are associated with Port Houston operations; the Houston Ship Channel Expansion - Project 11 awards are estimated at $132 million.
  • In other matters, the Port Commission also approved Tariff rate changes in 2024 to align with escalating costs and expenses and to keep Port Houston terminals competitive.
  • More information regarding Port Houston business, community outreach, and sustainability efforts can be found at https://porthouston.com/ .

Lineage Celebrates Grand Opening of Houston ColdPort Facility

Retrieved on: 
Tuesday, November 14, 2023
Construction & Property, Supermarket, Supply Chain Management, Food, Beverage, REIT, Logistics, Transport, Retail, Western United States, Entrepreneurship, Congestion, ARCO, Houston Ship Channel, Port Houston, Harbor, Lineage

Lineage (the “Company”), one of the leading temperature-controlled industrial REIT and integrated solutions providers worldwide, today celebrated the grand opening of its newest facility in Houston, Texas.

Key Points: 
  • Lineage (the “Company”), one of the leading temperature-controlled industrial REIT and integrated solutions providers worldwide, today celebrated the grand opening of its newest facility in Houston, Texas.
  • Houston ColdPort is strategically located near the Jacintoport Terminal at Port Houston, a leader for the Houston Ship Channel and an integral component of Houston’s international trade activity.
  • Leaders from Lineage, Boomerang Interests, ARCO Design/Build and the Houston Port Authority gathered this morning to celebrate the grand opening of the facility during a ribbon-cutting ceremony.
  • I also want to extend a special thank you to Boomerang Interests and Lineage for allowing us to be part of this incredible project.”
    The Houston ColdPort facility began operating in October 2023.

Significant Grants From TxDOT Strengthens Port Houston Infrastructure Development

Retrieved on: 
Friday, November 10, 2023
Commercial Building & Real Estate, Construction & Property, Environmental Policy, Other Transport, Trucking, Rail, Maritime, Transport, Logistics, Supply Chain Management, Environment, Other Construction & Property, Hydrogen, Lancaster Port Commission, Texas Department of Transportation, Safety, Galveston Bay, International, Atlantic Coast, Multimedia, Energy, Barbours Cut Terminal, Commission, Corps, Houston Ship Channel, AFL-CIO, Growth, Panamax, Bayport Terminal, Engineer, ILA, Non-governmental organization, Alex Smith, Whaling, Port, Port Houston

Port Commission Chairman Ric Campo announced during the October 24th meeting of the Port Commission of the Port of Houston Authority that Port Houston received nearly $36 million from the Texas Department of Transportation, almost 20% of the $200 million granted to Texas Ports.

Key Points: 
  • Port Commission Chairman Ric Campo announced during the October 24th meeting of the Port Commission of the Port of Houston Authority that Port Houston received nearly $36 million from the Texas Department of Transportation, almost 20% of the $200 million granted to Texas Ports.
  • The funds were awarded through the State Maritime Infrastructure Grant Program, the first in Texas history for port maritime and infrastructure development.
  • Chairman Campo and Port Houston Executive Director Roger Guenther highlighted the completion of Wharf 6 at the Bayport Container Terminal.
  • During this meeting, the Port Commission authorized more than $100 million in awards supporting the continued growth and development of the port.

LSB Industries, Inc. Reports Operating Results for the 2023 Third Quarter

Retrieved on: 
Wednesday, November 1, 2023
Other Energy, Professional Services, Other Natural Resources, Mining, Minerals, Alternative Energy, Energy, Agriculture, Natural Resources, Other Manufacturing, Chemicals, Plastics, Environmental, Social and Governance (ESG), Manufacturing, Ammonia, NYSE, Lapis lazuli, FEED, Air Liquide, INPEX, Nitric acid, CCS, VI, EPA, Environment, Houston Ship Channel, Nitrogen, Sam Houston Ship Channel Bridge, CO2, LSB, Investment, Class, Rare-earth element, Palladium, Fertilizer, Renewable energy

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the third quarter ended September 30, 2023.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the third quarter ended September 30, 2023.
  • "We continue to experience a weaker pricing environment relative to last year, but our results were also impacted by lower production volumes versus our expectations.
  • While we hit a speed bump early in the quarter, our manufacturing operations have been performing well since early September, and we expect that to continue, setting us up for improved results in the fourth quarter.
  • We expect to determine our next steps on these projects in the first quarter of 2024.

CORCORAN WELCOMES NEWEST FRANCHISE IN HOUSTON

Retrieved on: 
Tuesday, October 24, 2023
Corcoran Group, Houston Ship Channel, Economics, History, Cayman Islands, Growth, Woodlands, Texas A&M University, Partnership, Turks and Caicos Islands

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Corcoran Group, LLC today announced its continued expansion by welcoming its newest franchise with the launch of Corcoran Prestige Realty. Owned and led by Founder and CEO James Krueger, the brokerage will serve clients throughout the Houston, Texas metropolitan area. The announcement, made by Pamela Liebman, President and CEO of The Corcoran Group, showcases the brand's continued growth within the exciting Houston market, strengthening its current presence in North Houston and The Woodlands with Corcoran Ferester Realty.

Key Points: 
  • NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Corcoran Group, LLC today announced its continued expansion by welcoming its newest franchise with the launch of Corcoran Prestige Realty.
  • Owned and led by Founder and CEO James Krueger, the brokerage will serve clients throughout the Houston, Texas metropolitan area.
  • The announcement, made by Pamela Liebman, President and CEO of The Corcoran Group, showcases the brand's continued growth within the exciting Houston market, strengthening its current presence in North Houston and The Woodlands with Corcoran Ferester Realty.
  • Most recently, Corcoran announced the launch of Corcoran Infinity Properties, based out of Bergen County in New Jersey.

Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel

Retrieved on: 
Tuesday, October 3, 2023
Manufacturing, Environmental Issues, Environmental Health, Maritime, Other Energy, Transport, Green Technology, Environment, Energy, Sustainability, Chemicals, Plastics, Workforce, Hydrogen, Steam, Multimedia, ATR, Carbon, LSB, Movement, Liquid nitrogen wash, INPEX, NYSE, Air Liquide, MTPA, VLGC, Ammonia, Water, Natural gas, Engineering, ASU, Houston Ship Channel, Vopak, CO2, TSE, Warehouse, Renewable energy, Industrial gas

The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.

Key Points: 
  • The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.
  • The project partners will bring complementary expertise to the production, operation, storage and export for the advancement of low-carbon ammonia production in the US:
    Air Liquide and INPEX would collaborate on low-carbon hydrogen production.
  • Air Liquide would be responsible for onsite nitrogen and oxygen production, using its proprietary Air Separation Unit (ASU) technology.
  • INPEX, with stakes in both hydrogen and ammonia production, will likely be the largest investor in the overall project across the entire value chain, from production to export.

ILA Union Leader Alan A. Robb Appointed Port Houston Commissioner

Retrieved on: 
Thursday, September 28, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, Volunteering, ILA, International, Commission, Port, Woman, Multimedia, Municipal council, Gulf, Atlantic Coast, Assistant, Houston City Council, Lancaster Port Commission, City, Houston Ship Channel, AFL-CIO, Commerce, Harbor

On Tuesday, September 19, the City Council of Pasadena, Texas appointed Mr. Alan A. Robb as Port Commissioner of the Port of Houston Authority to serve on behalf of the city beginning October 1, 2023.

Key Points: 
  • On Tuesday, September 19, the City Council of Pasadena, Texas appointed Mr. Alan A. Robb as Port Commissioner of the Port of Houston Authority to serve on behalf of the city beginning October 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230928898811/en/
    Alan A. Robb has been appointed to serve on the Port Commission of the Port of Houston Authority, effective October 1.
  • (Photo: Business Wire)
    A respected labor union leader, Mr. Robb is a 47-year International Longshoremen’s Association (ILA) veteran.
  • “We sincerely appreciate the service of outgoing Port Commissioner Roy Mease, and we look forward to having Alan Robb join us as a new Port Commissioner,” said Chairman Ric Campo.

Port Houston Business Garners Great Interest

Retrieved on: 
Thursday, September 28, 2023
Other Transport, Trucking, Rail, Maritime, Transport, Public Policy, Government, White House, Federal Government, State, Local, Logistics, Supply Chain Management, Commissioner, United States Environmental Protection Agency, Engineer, Channel, Multimedia, Corps, Community Funded, Alex Smith, Pasadena, California, Bayport, Congress, Lancaster Port Commission, City, Commerce, Growth, Houston Ship Channel, Campo, Portland District, U.S. Army Corps of Engineers, Harbor, Management

On Tuesday, September 26, the Port Commission of the Port of Houston Authority convened its regular monthly meeting after an August break.

Key Points: 
  • On Tuesday, September 26, the Port Commission of the Port of Houston Authority convened its regular monthly meeting after an August break.
  • During his opening comments, Port Commission Chairman Ric Campo applauded Commissioner Roy Mease, who is stepping down at month end as Port Commissioner representing the City of Pasadena, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20230928511032/en/
    Congressman Wesley Hunt attends the Port Houston Commission meeting to personally express sincere appreciation for Port Houston and the Houston Ship Channel.
  • (Photo: Business Wire)
    Chairman Campo commended Commissioner Mease’s years of service and dedication to Port Houston, and added that the Pasadena City Council had appointed International Longshoremen Association Union leader Alan A. Robb to succeed Commissioner Mease, effective October 1.

The State of Port Houston Is Awesome

Retrieved on: 
Monday, September 11, 2023
Professional Services, Consumer, Other Education, DEI (Diversity, Equity and Inclusion), Environment, Other Transport, Education, Labor, Maritime, Women, Transport, Public Policy, Government, Logistics, Supply Chain Management, Tier 4, User Datagram Protocol, Greater Houston Partnership, Multimedia, The Clift Royal Sonesta Hotel, Investment, Economic development, Bayport Terminal, Houston Ship Channel, United States Post Office (Port Angeles, Washington), Harbor

On Wednesday, Sept. 6, Port Houston Chairman Ric Campo delivered the State of the Port address to the Greater Houston Partnership and guests, and declared the "State of Port Houston is awesome, and its future is in good hands," as he addressed a sold-out audience of business, industry, community leaders, and elected officials at the Royal Sonesta Hotel in Houston.

Key Points: 
  • On Wednesday, Sept. 6, Port Houston Chairman Ric Campo delivered the State of the Port address to the Greater Houston Partnership and guests, and declared the "State of Port Houston is awesome, and its future is in good hands," as he addressed a sold-out audience of business, industry, community leaders, and elected officials at the Royal Sonesta Hotel in Houston.
  • View the full release here: https://www.businesswire.com/news/home/20230911074083/en/
    Chairman of the Port of Houston Authority Commission Ric Campo delivers the 2023 State of the Port Address to the Greater Houston Partnership sold-out audience of business, industry, community leaders, and elected officials.
  • (Photo: Business Wire)
    He emphasized that Port Houston cargo volumes remain steady, waterside and landside infrastructure investments remain steadfast, industry and labor partnerships are good, and Port Houston's commitment to the community and sustainability stands untethered, during his remarks at the annual event.
  • Chairman Campo also shared the stage with three Port Houston employees he recognized as future leaders of Port Houston, whose careers have "long runways" ahead of them.

Carbonvert Sells Interest in Bayou Bend CCS Project to Equinor

Retrieved on: 
Monday, August 28, 2023
Environment, Climate Change, Other Energy, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Acute and obtuse triangles, Golden Triangle, Sale, CCS, Growth, Inc., Houston Ship Channel, Acquisition, CO2, Bayou Bend Collection and Gardens, Canal, Storage

Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project (“Bayou Bend”) in Southeast Texas to Equinor.

Key Points: 
  • Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project (“Bayou Bend”) in Southeast Texas to Equinor.
  • Carbonvert is incredibly proud of its foundational role in the origination and early development of the Bayou Bend project.
  • As the first Carbon Capture, Transport, and Storage (“CCS”) project to receive an offshore lease dedicated to CO2 sequestration in the U.S., Bayou Bend has been pivotal in inspiring a new era of CCS projects across the Gulf of Mexico region.
  • Equinor’s acquisition fuels the continued expansion of the CCS sector and enables Carbonvert to scale and develop its expansive CCS project pipeline.