CSR Mercuria 2018 - Flipbook - Page 44
WITHIN NORTH AMERICA
Inflection Energy LLC
Mercuria holds a 17% equity position in the privately held partnership which is focused on natural gas development in the Appalachian Region of the United States.
Pin Oak Terminals
Mercuria holds equity interest positions in the joint-ventures Pin
Oak’s Mt. Airy Terminal located on the bank of the Mississippi River
in Louisiana and in Pin Oak’s Corpus Christi Facility located near
Corpus Christi, Texas. The Mt. Airy Terminal is a multi-commodity
fuels terminal with current capacity to manage throughput by ship /
barge or truck and with future expansion expected to include pipeline and rail. The Corpus Christi Facility previously operated as an
asphalt storage and production facility with both truck and barge
access. With the development of the Grey Oak Pipeline, which will
bring crude oil production from the Permian Basin to the Gulf Coast
the Corpus Christi facility is further expanding to add additional storage tankage and connectivity for larger marine vessel transport.
Rocky Mountain Crude Oil, LLC
Mercuria holds a 30% minority stake in the partnership which is a
logistics and trucking company serving multiple oil basins in the
US. RMCO’s operations currently include operations in the Bakken,
Denver-Julesburg, and Permian Basins.
The logistics company focuses on transportation from field wellhead production sites to centralized pipeline or rail facilities for
onward transport to processing infrastructure. While there are other
transport carriers competing in the market area RMCO has quickly
become well recognized for the quality and safety of the services it
provides.
South Bend Ethanol, LLC
Mercuria holds full ownership of South Bend Ethanol which uses
corn to produce up to 100 mm-gallons/yr of denatured fuel-grade
ethanol as well as related output of distillers grains (an animal feedstock), corn oil and syrup. The facility’s ethanol production is recognized and participates under the US EPA’s Renewable Fuel Standard
Program. The facility was acquired in Q1 of 2019, and has been
undergoing extensive investments in its infrastructure to improve
the facility’s operational reliability and efficiency. A more expansive
description of the facility and its operations is included in the following section of this report.
Talaria Oil & Gas
Mercuria held a majority 85% equity position in well development in
the Buda Formation in Gonzales County, TX. Talaria was a joint venture with an experienced operator, utilizing Under Balanced Drilling
Technique for improved recoveries. Mercuria exited the joint venture
in Q3 2017.
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