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Mitsui & Co. begins construction of petrochemical terminal in US

12:09 AM MDT | July 1, 2013 | Deepti Ramesh

Mitsui & Co. says its wholly owned subsidiary Intercontinental Terminals Co. (ITC; Houston) has begun construction on the previously announced new petrochemical tank terminal on the Houston Ship Channel at Pasadena, TX. ITC is investing ¥18 billion ($181 million) to build the tank terminal with ship docking facilities and ten tanks. The new tank terminal facility is expected to become operational in the second quarter of 2015. The project will enable ITC to better respond to surging demand for such facilities from the US petrochemical industry amid the...

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