The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels. Tallgrass Energy, LP reported Tuesday that it has acquired a 600-plus-acre site to build its planned Plaquemines Liquids Terminal (PLT) along the Mississippi River south of New Orleans. “We are committed to being a good neighbor, and we demonstrated that with this land transaction that represents a win for all parties,” Tallgrass Chief Operating Officer Bill Moler said in a written statement announcing the $30 million acquisition. Tallgrass stated that it acquired the land in an agreement with the Plaquemines Port & Harbor Terminal District (PPHTD) and that PLT and the port authority will work jointly to permit and construct the terminal. Tallgrass, Drexel Hamilton Infrastructure Partners, LP and PPHTD – a Louisiana state agency – are developing PLT […]