Harvest Midstream, Houston, has agreed to acquire the Belle Chasse terminal, formerly the Alliance refinery, in Plaquemines Parish, Louisiana, from Phillips 66.
In November of 2021, Phillips 66 closed the 255,000-b/d Alliance refinery to transition it into a crude oil terminal (OGJ Online, Nov. 9, 2021). The refinery-to-terminal conversion project followed the company’s evaluation of options for the site in consideration of the investment that otherwise would have been required to repair refinery infrastructure in the wake of damages caused by Hurricane Ida in late-August 2021. The infrastructure sits on 3,200 acres, has 1 million bbl of active storage capacity and two crude oil loading docks.
With the deal, expected to close in first-quarter 2023, Harvest will extend the value chain around its existing regional crude pipeline systems and will be able to expand its service offerings to producers and refinery customers through its Harvest Marketing & Trading affiliate, the company said.