News Archive
2024
Council: $75M to finance Project Vector venue
November 21, 2024 - Baytown city council has declared that it will use the $75 million provided by ExxonMobil to design, construct, acquire, purchase equipment and improve a multi-purpose venue as part of Project… READ MORE
ExxonMobil to expand advanced recycling capacity
November 21, 2024 - SPRING, Texas – ExxonMobil (NYSE: XOM) plans to invest more than $200 million to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas. The new operations are expected to… READ MORE
Ikea warehouses in massive Baytown industrial park sell to Atlanta-based company
October 15, 2024 - Two Ikea-occupied warehouses in Baytown have a new owner. Atlanta-based real estate investment company MDH Partners acquired Cedar Port Ikea, a two-building, 996,482-square-foot industrial distribution center at 4762 and 4830… READ MORE
Demolished Baytown Mall Rising Again as Mixed-Use Project
October 9, 2024 - Fidelis Realty Partners has broken ground on a project to redevelop the San Jacinto Mall. It was razed two years ago. To be called the San Jacinto Marketplace, the 105-acre mixed-use development… READ MORE
Ground breaking at future San Jacinto Marketplace site
October 4, 2024 - A groundbreaking is usually the first sign that construction on a development is about to happen. This has now occurred at the site of the future San Jacinto Marketplace. Fidelis… READ MORE
Abu Dhabi’s ADNOC to acquire German chemicals firm Covestro for $16.4 billion
October 1, 2024 - Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). ADNOC, short for the Abu Dhabi… READ MORE
Houston Methodist Baytown Hospital recognized as top performer by Vizient
September 27, 2024 - For the fourth consecutive year, Houston Methodist Baytown has been recognized as a top performer in the 2024 Bernard A. Birnbaum, MD, Quality Leadership annual rankings by Vizient Inc, which… READ MORE
Baytown Tortilla Maker Adding 60K-SF Facility
September 12, 2024 - If you love Mexican food, you can’t have too many tortillas. Baytown-based El Matador Foods is making sure you don’t run out. The company is investing $7.6 million to add a new… READ MORE
Expansion of two master planned communities will bring nearly 600 homes to Houston’s suburbs
September 7, 2024 - Separate developers are starting new phases of residential developments, adding almost 600 homes in Hockley and Mont Belvieu. Jubilee, the health- and wellness-focused community by Houston-based Johnson Development about 35 miles northwest… READ MORE
Riceland announces Phase II groundbreaking: Official grand opening event set for September 21
September 6, 2024 - Houston-based developers, McGrath Real Estate Partners, marks another development milestone with the groundbreaking of Phase II of Riceland adding an additional 311 new home sites across an additional 138 acres… READ MORE
Industrial project in TGS Cedar Port signs tenant for 432,000 square feet
September 5, 2024 - A new logistics development in the massive TGS Cedar Port Industrial Park outside Baytown is approaching full occupancy with a new 432,316-square-foot lease. Houston-based specialty crating company Gulf Coast Crating… READ MORE
Exxon agrees to sell stake in Baytown hydrogen facility to Abu Dhabi energy group
September 4, 2024 - Exxon Mobil agreed Wednesday to sell a 35% stake in its planned Baytown hydrogen facility to Adnoc, the energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi.… READ MORE
Survey ranks Lee College No.14 among US community colleges
August 30, 2024 - Lee College ranks No. 14 in a survey of more than 600 community colleges in the United States put together by Smart Asset.com, a free online service that provides financial information.… READ MORE
ONEOK pays $5.9B for Permian assets
August 30, 2024 - ONEOK Inc., has agreed to acquire Medallion Midstream and controlling interest in EnLink Midstream from Global Infrastructure Partners, the company announced late Wednesday. A leading midstream service provider with a… READ MORE
Enterprise Products Partners signs $950m deal to acquire Piñon Midstream
August 22, 2024 - US midstream energy services provider Enterprise Products Partners, through an affiliate, has signed a definitive agreement to acquire Piñon Midstream for $950m in cash. Piñon Midstream, a portfolio company of… READ MORE
Baytown Site is Houston-Based Logistics Provider’s Largest Facility
August 17, 2024 - Palmer Logistics has launched a new 616,700-square-foot warehouse facility in Baytown, Texas, expanding its third-party distribution space in the greater Houston area to more than three million square feet. The… READ MORE
HCSC: Project Vector will bring excitement to Baytown
August 9, 2024 - Ryan Walsh, CEO and executive director of the Harris County Sports and Convention Corporation, said he is excited for Baytown and Project Vector. The project involves building some sort of… READ MORE
‘Free At Lee’ program becomes permanent
August 2, 2024 - The Lee College Board of Regents agreed to institutionalize its “First Time Free At Lee” program, and will expand it to its Huntsville Center. The First Time Free At Lee… READ MORE
These neighborhoods are among the 10 ‘hottest’ in the Houston area
July 31, 2024 - While it's no surprise that Houston, famed for its urban sprawl, has a thriving suburban development scene, the real estate market's turbulence in recent years has accelerated the flight to places further… READ MORE
New logistics center completed at TGS Cedar Port Industrial Park
July 19, 2024 - Georgia-based Capital Development Partners has finished a second warehouse building in Baytown and is in advanced discussions to lease the entire space. The 800,405-square-foot speculative rail service building is Capital… READ MORE
Port Houston approved to handle cold treatment cargo
July 17, 2024 - The Port of Houston is broadening its offerings with a new approval by the federal government. The Port of Houston Authority — which owns, manages and operates the eight public… READ MORE
CALPINE ANNOUNCES EXECUTION OF FULL-SCALE DEMONSTRATION PROJECT COST SHARING AGREEMENT
July 3, 2024 - Today, Calpine announced that it has executed a cost share agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for a full-scale carbon capture demonstration… READ MORE
How German hydrogen co. Thyssenkrupp Nucera is growing in Houston
July 2, 2024 - An international electrolyzer company is looking to Houston as a prime location to build out its hydrogen business. Germany-based Thyssenkrupp Nucera, which is a supporting partner of the HyVelocity Hydrogen Hub,… READ MORE
Air Liquide to invest $850 million into Exxon’s Baytown hydrogen project
June 25, 2024 - France-based Air Liquide Group is investing $850 million into Exxon Mobil Corp.'s (NYSE: XOM) massive clean hydrogen and ammonia plant in Baytown. The international industrial gasses company, which has its U.S.… READ MORE
JSW Steel gets $110M upgrade
June 24, 2024 - JSW Steel USA announced Monday plans to invest $110 million in steel plate mill modernization projects with sustainable technology and state of the art equipment within its manufacturing facilities in… READ MORE
Mont Belvieu’s energy hub creates envy
June 21, 2024 - “A wonderfully tight hometown community that touches the entire world.” Brian Ligon, Mont Belvieu’s marketing director, said that’s how he describes the Chambers County city to those he meets who… READ MORE
NRG Energy wants to develop 1.6 GW of quick-start natural gas generation in ERCOT
June 19, 2024 - NRG Energy submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 MW of new quick-start natural gas power generation in the Electric Reliability… READ MORE
NRG Applies to the Texas Energy Fund to Bring Essential Dispatchable Power to ERCOT
June 10, 2024 - Today, NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of… READ MORE
Container Logistics Provider Expands Its Industrial Space Near Port Houston
June 6, 2024 - A container logistics provider is relocating to a larger industrial space within a Houston-area business park and more than doubling its footprint in the process. Houston-based Tigerhawk Logistics plans to… READ MORE
Entergy Texas proposes new power plants to support rapid growth in Southeast Texas
June 4, 2024 - Southeast Texas is experiencing extraordinary economic and population growth, leading to a significant rise in electricity demand and the urgent need for Entergy Texas to add 40% more generation capacity to… READ MORE
Movin’ on up - Grand Parkway is bringing development to the northeast side of Houston
May 17, 2024 - To someone driving down U.S. Highway 90 into Dayton in Liberty County, it may not be apparent what many residents of the roughly 10,000-resident town have known for a while: Change… READ MORE
ONEOK to acquire Gulf Coast NGL pipelines for $280 million
May 13, 2024 - ONEOK, Inc. announced that it has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million, subject to customary purchase… READ MORE
Exxon Mobil OKs second advanced recycling facility at Baytown complex
May 7, 2024 - Spring-based Exxon Mobil Corp. (NYSE: XOM) is developing a second advanced recycling facility in Baytown as it plans to have processing capacity for more than 1 billion pounds of plastic… READ MORE
Port Houston Awarded Nearly $27 Million For Clean Truck Program
April 25, 2024 - In a release issued on Wednesday, the U.S. Department of Transportation’s Federal Highway Administration announced that Texas was awarded a $26.9 million grant for the Port Houston new clean truck… READ MORE
Riceland ‘sprouts up,’ buyers respond
April 24, 2024 - They’re going vertical at Riceland. Hundreds of home-building construction workers are raising walls and tacking down roofing plywood on dozens of houses sprouting up in the first phase of the… READ MORE
Port Houston awarded $26.9 million, mostly for electric trucks for cargo yard
April 24, 2024 - Thirty new electric trucks are coming to Port Houston, as part of a federal program aimed at reducing pollution around America's ports. Transportation officials announced Wednesday that Port Houston would receive $26.9 million… READ MORE
Here’s why Kinder Morgan leased space at the Houston Ship Channel
April 19, 2024 - Houston-based Kinder Morgan Inc. (NYSE: KMI) is developing a carbon sequestration project near the Houston Ship Channel, joining several other carbon sequestration projects taking advantage of Houston’s vast amount of… READ MORE
US awards about $335m of investment tax credits for new hydrogen-equipment manufacturing facilities
April 19, 2024 - About $335m of investment tax credits have been awarded to eight companies for the construction of new hydrogen-equipment factories in the US, according to the US Department of Energy. Five… READ MORE
Kinder Morgan and massive industrial park owner team up for project near Houston Ship Channel
April 17, 2024 - Kinder Morgan Inc. (NYSE: KMI) is working with the owner of a massive industrial park in the Houston area on a carbon storage project. During its first-quarter 2024 earnings call… READ MORE
Blue Tide Environmental: Re-refining facility nears completion of Phase 2 expansion
April 8, 2024 - BlueTide Environmental, a pioneering force in sustainable oil production, is on the brink of completing Phase 2 of its ambitious re-refining facility expansion project in Baytown. With the first phase… READ MORE
Today, Equipment. Tomorrow, Whole Facilities: Hydrogen Could Fuel A New Industrial CRE Revolution
April 2, 2024 - The traditionally oil and gas city that bills itself as The Energy Capital of the World is increasingly planning ahead for a clean fuel source that is seeing a surge of interest… READ MORE
Houston-area chemicals projects land some of $6B decarbonization funding
March 26, 2024 - Three chemicals projects near the Houston area and the Texas Gulf Coast have been selected for federal funding to drive their decarbonization goals forward. Spring-based Exxon Mobil Corp. (NYSE: XOM), Denmark-based Ørsted… READ MORE
Oil Majors Race to Cash in on Carbon Storage in East Texas
March 10, 2024 - Oil rigs are drilling a new type of well in East Texas, where carbon dioxide pipelines, top-tier geology and a slew of industrial emissions are kicking off a race to cash… READ MORE
H-GAC honors Mont Belvieu’s Park
February 13, 2024 - The Houston-Galveston Area Council recognized Mont Belvieu’s Hackberry Park-Phase 1 as an award winner in its annual Parks and Natural Areas Awards Program. “We are honored and excited to win… READ MORE
State gives Lee branch campus OK
January 26, 2024 - As good educators should, Lee College and Barbers Hill ISD crossed all their Ts and dotted all there Is before heading up the road to Austin. Maybe rubbed a rabbit’s… READ MORE
Houston dominates national ranking for top-selling master-planned communities
January 12, 2024 - As homebuyers flock to new suburban Houston construction, the region has become the U.S. leader in home sales at master-planned communities tracked by residential real estate consulting firm RCLCO. Overall, 12… READ MORE
2023
Calpine’s Baytown CCS project Selected by the Department of Energy
December 14, 2023 - Today, Calpine announced that its Baytown Decarbonization project has been selected by the Office of Clean Energy Demonstrations within the Department of Energy (DOE) to negotiate to enter into a… READ MORE
John Cockerill completes groundbreaking of new US gigafactory in Houston
December 9, 2023 - Continuing our progress in the clean energy sector, John Cockerill is proud to announce our entry into the North American market with our new gigafactory in Baytown, TX, where we… READ MORE
Riceland community in Mont Belvieu to deliver first lots, start first commercial building
November 30, 2023 - Riceland, a master-planned community spanning more than 1,400 acres in Mont Belvieu in Chambers County, is set to deliver its first homesites and start construction on the town center’s first commercial… READ MORE
New logistics terminal opens along Texas Gulf Coast
November 14, 2023 - Project freight forwarder deugro announced it has opened a 96,775-square-foot operations and logistics terminal in Baytown, Texas, about 26 miles east of Houston. The facility offers access to the nearby Houston Ship… READ MORE
Two Houston-area ports receive combined $26.9M in federal funding for improvement projects
November 6, 2023 - Two Houston-area ports will soon see a combined $26.9 million worth of projects come to fruition thanks to federal grants from the U.S. Department of Transportation’s Maritime Administration. Cedar Port… READ MORE
ExxonMobil completes acquisition of Denbury
November 2, 2023 - SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45… READ MORE
LyondellBasell buys into Houston recycling project with Exxon
October 27, 2023 - LyondellBasell said Thursday it acquired a 25% stake in a joint venture with Exxon Mobil as the companies advance their plans for a $100 million recycling project in Houston. The move gives… READ MORE
Baytown council forms new economic development advisory committee
October 27, 2023 - After working for over a month, Baytown City Council has formed the Baytown Economic Development Advisory Committee. The new committee will include citizens that live in extraterritorial jurisdiction areas. Councilwoman… READ MORE
John Cockerill advances US expansion of hydrogen with launch of gigafactory in Baytown
October 25, 2023 - John Cockerill Hydrogen, a world leading electrolyzer manufacturer announced its US entry with the acquisition of manufacturing space in Baytown for a new gigafactory. The facility is expected to create… READ MORE
Resin Exports Help Port Houston as Imports Fall
September 26, 2023 - Loaded exports are helping to support overall volumes at Port Houston’s container terminals as loaded import volumes fall compared to record levels in 2022. Export volumes at Port Houston have increased by… READ MORE
ExxonMobil invests $2 billion in Baytown chem plant
September 20, 2023 - ExxonMobil announced Tuesday the startup of two new chemical production units at its Baytown manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value… READ MORE
SAMSON Controls expansion to double ops
September 15, 2023 - A groundbreaking ceremony was held at SAMSON Controls Sept. 14 for an expansion to double their production capacity. It was both a celebration of achievements and a forecast ahead to… READ MORE
Texas Gulf Coast Comprehensive Economic Development Strategy / Liberty & Chambers County Workshop
August 23, 2023 - The Houston-Galveston Area Council, in collaboration with the Gulf Coast Economic Development District, is developing a new Comprehensive Economic Development Strategy. This strategy will: Shape the economic growth and development… READ MORE
Enterprise Products expands capacity at Mont Belvieu
August 7, 2023 - Enterprise Products Partners L.P. (“Enterprise”) this week announced the start of service at its 12th natural gas liquids (“NGL”) fractionator in Mont Belvieu, adding an incremental 150,000 barrels per day (“BPD”)… READ MORE
Lee College opens new Corporate Training Center, aims to help companies train workforce
August 4, 2023 - Lee College — a community college in Baytown — is bolstering its efforts for workforce training with its new 11,000-square-foot Corporate Training Center. The center is a newly renovated building inside… READ MORE
Dallas-based developer Provident Realty Advisors enters Houston industrial market with $124M project
July 18, 2023 - Nine months after it announced the establishment of a Houston office, Dallas-based real estate development and investment company Provident Realty Advisors Inc. is getting ready to pour concrete for its first… READ MORE
ExxonMobil Announces Acquisition of Denbury
July 13, 2023 - Exxon Mobil Corporation (NYSE: XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS)… READ MORE
The Avera Cos. developing 484K-SF spec distribution center on Grand Parkway in Baytown
June 23, 2023 - Another distribution center is being built in Baytown. Houston-based The Avera Cos. has broken ground on Kilgore Grand Parkway, a 484,424-square-foot cross-dock warehouse building on the corner of Grand Parkway… READ MORE
Mayor talks mall at Rotary Club of Baytown
June 1, 2023 - What about the mall? That was one question Baytown Mayor Brandon Capetillo took time to address at Wednesday’s State of the City address at the Rotary Club of Baytown. Capetillo said… READ MORE
TAB Celebrates: HB 5 Is On Its Way To The Governor’s Desk
May 29, 2023 - As the Texas State Chamber, The Texas Association of Business (TAB) today released a statement thanking the Senate and House conferees for passing CCR for HB 5: “Texas' reputation as… READ MORE
Troon selected to manage T-36 at Baytown
May 21, 2023 - Troon®, the leader in providing golf and club-related leisure and hospitality services, is pleased to announce it has been selected to manage T-36 at Baytown, an innovative double-loop 18- hole… READ MORE
Incentivizing Innovation in Baytown and Chambers County
May 19, 2023 - For years, the energy industry has been an important part of the Baytown and Chambers County economy. These projects provide good paying jobs, stimulate investments into local businesses and provide… READ MORE
Bayland Hyatt Regency opens its doors
May 19, 2023 - The much-anticipated Hyatt Regency Baytown-Houston hotel and convention center is now open for business. Many dignitaries gathered for a special ribbon-cutting ceremony to celebrate the hotel’s soft opening. The event… READ MORE
New name for West Chambers County’s Chamber of Commerce
May 18, 2023 - As the West Chambers County Chamber of Commerce prepares to celebrate its 40th anniversary next year, the board of directors has unanimously voted to move forward with a new name:… READ MORE
Port Houston Sees Surge in Container Exports
May 16, 2023 - As U.S. imports continue to come in well below last year’s records, Port Houston has announced that its container exports are surpassing historic volumes seen in 2022, signaling strong growth in the… READ MORE
Hyatt Regency Baytown-Houston Set to Unveil on May 18, 2023
May 15, 2023 - Hyatt Regency Baytown-Houston is set to officially open its doors on Thursday, May 18, 2023 and reservations are now bookable online at Hyatt.com. To read the full story, click here.
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Magellan Midstream Partners to be acquired by fellow Oklahoma company in $18.8B deal
May 15, 2023 - Tulsa, Oklahoma-based Magellan Midstream Partners LP (NYSE: MMP), a master limited partnership with significant operations in the Houston area, is being acquired in a deal worth approximately $18.8 billion, including… READ MORE
City ponders new entertainment center near San Jac Marketplace
April 25, 2023 - As crews lay the groundwork for the San Jacinto Marketplace, the City of Baytown is considering plans to add a new amenity to the area along Interstate 10 between Garth… READ MORE
Joint venture develops cold-storage distribution center in massive Cedar Port Industrial Park
April 20, 2023 - Another warehouse is being developed in the massive TGS Cedar Port Industrial Park in the Baytown area. Philadelphia-based BG Capital and New Jersey-based FreezPak Logistics said they started construction on… READ MORE
Barbers Hill drives local economy
April 20, 2023 - Among all the conversations and controversies regarding public school systems today, there’s one that doesn’t get a lot of attention -- its impact on the local economy. Barbers Hill ISD… READ MORE
Baytown’s Port 10 Logistics Center adding 2 more warehouses, including rail-served building
April 11, 2023 - The Port 10 Logistics Center, a 246-acre multimodal business park in Baytown, is gaining two more warehouses totaling more than 630,000 square feet, including one connected to rail. The park’s… READ MORE
Plan to revive Texas’ corporate tax breaks adds more lucrative incentives, eases job requirements
April 10, 2023 - Texas Republicans on Monday unveiled a plan to revive the state’s largest corporate tax break program with legislation that would make the incentives more widely available and more lucrative; water down prior job… READ MORE
Fast-growing Chambers County tackles boom
April 4, 2023 - The average income for the 29,900 households in Chambers County is $87,584 and the top occupations are construction (7,021) and manufacturing (4,543) with about half the population under 35 years… READ MORE
Sunpan announces major new Houston warehouse
March 28, 2023 - BAYTOWN, Texas – Toronto-based furniture supplier Sunpan will add a new 200,000-square-foot warehouse near Houston. The facility is set to be operational by the fourth quarter. Combined with its Toronto facility, the… READ MORE
Sempra will build $13B LNG facility in Port Arthur
March 20, 2023 - Sempra said Monday that it will move ahead with construction of a $13 billion liquefied natural gas facility in East Texas, becoming the second company to reach a final investment… READ MORE
Technip Energies, Shell Catalysts & Technologies and Zachry Group Selected for Calpine’s Carbon Capt
March 9, 2023 - Technip Energies, together with Shell Catalysts & Technologies and Zachry Group, have been awarded a Front-End Engineering and Design (FEED) contract for a carbon capture unit project in Baytown, Texas,… READ MORE
Bayou Bend expands carbon capture project to onshore Southeast Texas
March 6, 2023 - Bayou Bend CCS LLC (Bayou Bend), a carbon capture and sequestration project located along the Texas Gulf Coast, announced an expansion of its carbon dioxide (CO2) storage footprint through the… READ MORE
Oxy’s new carbon capture hub could trap 1.2B metric tons of East Texas greenhouse gases
March 2, 2023 - A 55,000-acre site straddling three East Texas counties could soon be home to one of Occidental Petroleum’s carbon capture hubs, the Houston oil giant said Thursday. The site runs along… READ MORE
A Sudden Rush to Make Sustainable Aviation Fuel Mainstream
February 21, 2023 - A flurry of investments, policy changes and technological breakthroughs is giving a jolt of energy to the nascent market for sustainable aviation fuel, a low-carbon alternative to traditional jet fuel… READ MORE
Harris County Transit celebrates 1 millionth ride milestone in Baytown
February 13, 2023 - The Harris County Transit fixed route bus service in the City of Baytown has reached 1 million passenger boardings. Shortly after the Harris County Community Services Department (HCCSD) created the… READ MORE
Enterprise Products makes $5.6B profit in 2022, transports record volumes in Q4
February 1, 2023 - Houston-based Enterprise Products Partners LP (NYSE: EPD) brought in a $5.62 billion profit this year as the midstream company transported record volumes through its pipeline network. The company's total pipeline… READ MORE
ExxonMobil Sets Large-Scale Low-Carbon Hydrogen Plant Start-Up for 2027
January 30, 2023 - ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision… READ MORE
ONEOK to build natural gas fractionator in Mont Belvieu
January 19, 2023 - ONEOK announced this week it plans to build a new 125,000 barrel-per-day natural gas liquids fractionator in Mont Belvieu. On completion the new fractionator, MB-6, will increase the company’s total… READ MORE
Exxon preparing to open its massive $2B refinery expansion in Beaumont
January 17, 2023 - Exxon Mobil said Monday it finished building its $2 billion refinery expansion in Beaumont and plans to start it by the end of March, bringing the equivalent of a mid-size… READ MORE
Houston midstream energy giant to buy another local co. for $3.25B
January 10, 2023 - Enterprise Products Partners LP (NYSE: EPD), one of the largest publicly traded companies in the Houston area, will acquire another local midstream energy company for $3.25 billion in cash. The… READ MORE
Riceland to maintain Texas small town feel, developer says
January 6, 2023 - If you have ever driven through a small town in Texas, you might conjure up memories of a time when you knew everyone’s name, could walk from shop to shop… READ MORE
Targa buying out Blackstone’s stake in pipeline system with $1.05B deal
January 3, 2023 - Targa Resources Corp. (NYSE: TRGP) is boosting its ownership stake in a natural gas liquids pipeline with a $1.05 billion deal. The Houston-based midstream company agreed to acquire a 25%… READ MORE
2022
Port Houston Posts Another Container Gain in November
December 19, 2022 - If U.S. imports are slowing, Port Houston has yet to get the memo. The U.S. Gulf Coast’s busiest port reported an 11% jump in container volumes in November, bucking a… READ MORE
New era of plastic recycling begins in Baytown
December 17, 2022 - About 80 million pounds of plastic will be diverted away from landfills over the next year, thanks to a new unit in operation at ExxonMobil’s Baytown Complex—and that’s plastic that… READ MORE
First hydrogen-powered truck in Texas hits Houston roads
December 14, 2022 - The first time Rodrigo Peña climbed into the Hyzon truck's cabin and eased his foot off the break, it wasn't the awe of being inside the first hydrogen-powered freight truck… READ MORE
Pennzoil-Quaker State acquires stake in lubricant recycling co. Blue Tide Environmental
December 5, 2022 - A local Shell PLC subsidiary has acquired a significant stake in a North Texas company building a lubricant recycling project east of Houston. Houston-based motor oil giant Pennzoil-Quaker State Co.,… READ MORE
Year in Review: Chevron buying Renewable Energy Group for $3.15B was a Deal of the Week
December 2, 2022 - Through the end of December, we're taking a look back on the Deals of the Week from 2022. This was the Deal of the Week for the Houston Business Journal's… READ MORE
City of Baytown and ExxonMobil reach Chapter 212 agreement
November 23, 2022 - The City of Baytown and ExxonMobil have announced a new 35-year agreement that will continue to strengthen the long-standing relationship between community and industry while promoting innovation into the future. Representatives… READ MORE
Regulators give green light to Enterprise Products Partners’ oil port off Surfside Beach
November 22, 2022 - A new kind of oil export terminal could soon float in the Gulf of Mexico near Freeport after federal regulators gave a green light to the project. The federal Maritime Administration made… READ MORE