The facility will be located along the east bank of the Mississippi River at Mount Airy, near the St. John-St. James parish line. The parish is west of New Orleans.

Pin Oak is permitted to build up to 10 million bbl of storage for crude, products and chemicals. The new terminal will be within 25 miles of four refineries with a total refining capacity of 1.3 million b/d.

Pin Oak said it will provide its customers with complete optionality through rail, ship, pipeline and truck access. It will serve North America’s crude, refined product and chemical industries and will also cater to the export market.

The terminal project will create 70 new on-site jobs encompassing full-time company and contractor jobs. Those new jobs will have an average annual salary of more than $60,000, plus benefits.

Louisiana Economic Development (LED) estimates the project will result in an additional 81 new indirect jobs, for a total of more than 150 jobs in the Southeast region and surrounding areas. The company estimates the project will generate 250 additional construction jobs.

Facility services planned by Pin Oak include offloading, storage, heating, blending and transfer of petroleum liquids. The company is permitted to construct up to 10 million bbl of storage and unit train loops on its 431-acre site, which is situated for convenient shipping of products by rail, pipeline, barge, ship and truck.

LED began discussing a potential project with the company in October 2012. In conjunction with the terminal project, the company is expected to utilize Louisiana’s Quality Jobs Program. The company considered sites elsewhere in the Gulf South before choosing to build its facility in Louisiana.

Construction is expected to begin this year, and operations are expected to begin in late 2016.