News Archive
Houston Leads The Nation In Big-Box Industrial Growth, Thanks To Booming E-Commerce
March 20, 2022 - Houston is the nation's top growth market among big-box industrial facilities, with growth in e-commerce incentivizing companies to hungrily grab properties, especially around Port Houston.Industrial big-box facilities, or any warehouse or distribution center over 200K SF, are proving more popular than ever as companies increase stock to keep...
Read More
Walmart Expands Baytown Campus with New 1,000,000+ Square-Foot Distribution Center, Opening Fall 202
March 9, 2022 - Walmart today announced plans to expand its Baytown, TX supply chain campus with a new 1,000,000+ square-foot distribution center to support the retailer’s growing supply chain network. The new facility, located at 4633 Borusan Road, is the retailer’s fourth in Baytown and is set to open in the...
Read More
ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex
February 28, 2022 - ExxonMobil said today it is planning a hydrogen production plant and one of the world’s largest carbon capture and storage projects at its integrated refining and petrochemical site at Baytown, Texas, supporting efforts to reduce emissions from company operations and local industry. Hydrogen would fuel olefins plant, reduce...
Read More
Port Of Houston Sees New High in Ship Count as Congestion Worsens In The US
February 23, 2022 - The number of container ships waiting at the ports of Houston and Charleston, South Carolina, reached new pandemic highs as importers looking to avoid bottlenecks on the U.S. West Coast encounter growing congestion in alternative gateways.At least 19 vessels were either moored or anchored off Houston as of Wednesday,...
Read More
ExxonMobil makes first commercial sale of certified circular polymers
February 23, 2022 - ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend technology for advanced recycling of plastic waste. The purchaser is Berry Global, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach.“We are scaling up our...
Read More
Enterprise buys Navitas, gets foothold in the Permian Basin
February 17, 2022 - Houston pipeline giant Enterprise Products Partners completed its previously announced acquisition of Navitas Midstream Partners for $3.25 billion, entering one of the most prolific parts of the Permian Basin. The all-cash transaction, one of the largest acquisitions of a private natural gas gathering and processing business, will add...
Read More
Online Furniture Company Sets Sights On Houston’s TGS Cedar Port Industrial Park
February 14, 2022 - Article, an online furniture retailer, will take a 507K SF build-to-suit warehouse at the 15,000-acre TGS Cedar Port Industrial Park near Houston. The digital-first company, which has delivered 1 million orders across North America, joins other large furniture retailers in the park, including Home Depot, Floor & Dé...
Read More
Permian Oil Output Sets Record for the Third Consecutive Month
February 13, 2022 - Production from America’s Permian Basin reached a record high for the third month in a row in January as a red-hot price rally keeps shale drillers busy. Crude supply from the basin, which includes Texas and New Mexico, averaged 5.06 million barrels a day in January, surpassing the 5...
Read More
Regional recycling endeavor launched
February 9, 2022 - The City of Houston, ExxonMobil, Cyclyx International, LyondellBasell and FCC Environmental Services have entered into an agreement to form the Houston Recycling Collaboration — and effort to significantly increase recycling in the region which will also provide a source of recyclable plastic for ExxonMobil’s advanced recycling facility in...
Read More
Exclusive: Walmart planning huge new distribution center in Houston as e-commerce competition intens
January 27, 2022 - Walmart is investing in a new distribution center in the southeast Houston area as e-commerce continues to light up the city’s industrial real estate market.Walmart is developing 1 million square feet of warehouse space in Baytown at 4633 Borusan Road at Cedar Port Trade Center, a distribution facility developed...
Read More