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Mitsui & Co. to build petrochemical terminal in US

7:18 AM MST | March 6, 2013 | Deepti Ramesh

Mitsui & Co. says its wholly owned subsidiary Intercontinental Terminals Co. (ITC; Houston) will invest about $150 million to build a new tank terminal on the Houston Ship Channel at Pasadena, TX. The project will involve the construction of new tank units including harbor and shipping facilities to enable ITC to better respond to surging demand for such facilities from the US petrochemical industry amid the nation's shale gas and oil revolution, Mitsui & Co. says. The new tank terminal facility is expected to become operational in the second quarter of...

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