Covering Louisiana

Aug 26, 2013 11:25 AM by AP, PHOTO: MGN ONLINE

Genesis plans $75M crude oil rail facility

RACELAND, La. (AP) - Houston-based Genesis Energy L.P. plans to build a crude oil train unloading facility in Raceland that will connect to pipelines serving Baton Rouge- and St. James-area refineries.

The company said Monday the Raceland Rail Facility will include more than 400,000 barrels of crude storage tanks and pipeline infrastructure. The cost of the facility is estimated at less than $75 million.

The Advocate reports Genesis has completed the engineering work, filed all necessary permits, and executed the necessary railroad agreements for the facility.

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