JupiterMLP secures funding to advance Permian-to-GC oil line

Oct. 18, 2018
JupiterMLP LLC has secured enough funding from Charon System Advisors to build the 1 million-b/d capacity Jupiter Pipeline from the Permian basin to the Port of Brownsville, Tex., and will hold an open season for remaining capacity in November.

JupiterMLP LLC has secured enough funding from Charon System Advisors to build the 1 million-b/d capacity Jupiter Pipeline from the Permian basin to the Port of Brownsville, Tex., and will hold an open season for remaining capacity in November.

Expected to be operational in late third quarter of 2020 with origination points near Midland, Pecos, and Crane, Tex., and offtake points near Three Rivers, Tex., JupiterMLP has completed engineering, design, and right-of-way planning for the 680-mile dedicated high-gravity crude oil line. As designed, it will be the only pipeline out of the Permian basin that can access all three deep water ports in Texas—Houston, Corpus Christi, and Brownsville—and will have direct access to a fully capable very large crude carrier loading facility.

In addition to the pipeline, the company is constructing a crude upgrading, processing, and export terminal capable of loading VLCCs on 270 acres of land in the Port of Brownsville.

The company already has secured all initial governmental and regulatory permits to load and unload vessels of up to 65,000 dwt or Panamax-sized vessels at the Jupiter Export Terminal. Permits to construct more than 2.8 million bbl of storage in Brownsville have been secured and additional permits are on file to increase its storage to more than 6 million bbl, of the potential 10 million bbl of storage capacity. Also, the company is “in the final stages” of securing a permit to construct a 170,000 b/d processing facility designed to process light US shale crude into on-spec US gasoline and ultralow sulfur diesel.