September 18, 2012 [OPIS] - Gibson Energy plans to proceed with plans to build two 400,000-barrel crude storage tanks at its Hardisty Terminal near Hardisty Alberta, having received sufficient customer support in a recent open season, the company said.
The two tanks will form the initial anchor for an expansion of the facility, Calgary, Alberta-based Gibson said. This project aims to take advantage of the Gibson’s strategic 184 acre undeveloped land position in the area, Gibson said.
The new tanks will be well connected to third party receipt pipelines and facilities and will have connectivity to all current export pipelines from Hardisty, Gibson said. Site preparation for the two 400,000 bbl tanks is to start in the fourth quarter of 2012. Commissioning is expected to occur in early 2014, it added.
Gibson has also signed a Letter of Intent with a major unit train developer to explore unit train shipments from the Hardisty area, it added. The proposed facility would use Canadian Pacific’s North Main Line for transporting crude by rail to markets across North America, Gibson said.
