The company will purchase 95 acres of nearby land for $12m for the project which can also accommodate the construction of an additional 3 million barrels of storage capacity to meet future needs.
All environmental and internal approvals required to commence construction have been received, and the project is expected to begin services in the fourth quarter of 2013.
Once complete, the new storage capacity will bring total active storage capacity at the partnership to approximately 22 million barrels.
