St. James council approves oil tank farm, terminal

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News,Business

CONVENT, La. (AP) — A proposed crude oil tank farm and Mississippi River terminal nearly six years in the making has received a critical waiver from St. James Parish's newly adopted land use plan.

The Advocate reports (http://bit.ly/1otSqZk ) the St. James Parish Council voted 6-1 late Wednesday night in contradiction of its Planning Commission's recommendation earlier the same evening to allow the Petroplex International LLC complex to proceed on more than 1,700 acres of agricultural fields and woods near Vacherie.

The approval came with a series of conditions, including that the company seek permits to run pipelines under River Road that would link the facility with the river.

The $800 million tank farm could ultimately have 10 million barrels of storage capacity to handle and blend crude as well as gasoline and other petroleum products.

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Information

from: The Advocate, http://theadvocate.com

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