The greenfield terminal will have 560,000 barrels of storage. The location will provide supply flexibility to the company’s existing fuel distribution business in South Texas. The site at the port will also facilitate Sunoco’s efforts to sell into the growing fuels export market to Mexico.
The Port of Brownsville is one of the largest exporters of refined petroleum products to Mexico. It is also currently expanding its liquid storage capacity to meet the demand of the Mexican market. Combined estimates place the port’s storage capacity at 7.1 million barrels.
Sunoco expects the terminal to be in service by the second quarter of 2022. Total investment of the terminal is approximately $55 million. Approximately $40 million of those funds will be invested in 2021.