Intercontinental Terminals Company History

    
ITC was founded on February 24, 1972, with its purpose to construct, operate, maintain, and grow Mitsui & Company (U.S.A.) Inc. terminal assets.

The Terminal broke ground after taking title to 11 acres on December 1, 1971 located on the inlet of Tucker Bayou next to Rohm and Haas. Simultaneously, with this purchase, ITC concluded a long-term lease with Union Equity Cooperative Exchange for an existing dock with deepwater that was contiguous to the 11 acres.

In 1974, a dock which the facility was leasing from Union Equity became available for sale.  Included in this purchase was an existing warehouse built over the dock that was used to store bagged rice for export. Mitsui purchased a 50% interest in the dock, storage warehouse, and deepwater berth which increased the size of the facility by an additional 18 acres.

Within a year, another opportunity was presented when Rollins Environmental Services offered to sell their interest in a dock and 135 acres of land. This property was south of Tidal Road and was not contiguous to the existing 18 acres.  ITC successfully acquired the 135 acres from Rollins, but eventually resold 80 of these acres back to Rollins.

By 1976, with dock ownership and the newly acquired acreage, ITC constructed a key installation for Exxon ChemicalCompany. The Terminal built four 25,000-barrel semi-refrigerated
15 pound spheres for the storage of Butadiene, Crude Butadiene, and Butene-1.

Another milestone occurred in 1983, when an additional 96 acres were purchased from the Fluor Corporation. This property which is contiguous to the original 11 acres also included Fluor’s barge dock on Tucker Bayou and a warehouse. The warehouse was immediately resold, together with approximately 10 acres to the Valvoline Company.

Further acquisitions were made in 1993 with a purchase of 87 acres, two docks, and 20,000 feet of rail from the old Union Equity Cooperative. The final acquisition occurred in 2003 with the addition of the Global Octane property of 27 acres. With the completion of this transaction, the facility now approximated 265 acres.

In 2008, the Terminal entered into a Joint Venture terminal agreement with Rubis to build a new facility in the Port of Antwerp. Terminal operations at this facility, ITC Rubis Terminal Antwerp, are anticipated to commence summer 2010.

In 2009, the facility presently has a total of 15 docks of which five can be used by ships. The total storage capacity is 10.6 million barrels. Products are stored in tanks that range in size from 12,000 to 160,000 barrels. Total throughput exceeds 140 million barrels a year and ITC handles approximately 750 ships, 3,500 barges, 12,000 tank cars, and 24,000 tank trucks annually.

Approximately 215 associates work at the Deer Park Terminal.  An additional 20 associates at the Anchorage Chemical Terminal located in Port Allen, Louisiana. ITC has operated this terminal owned by ExxonMobil for over 30 years which stores and handles Butadiene and Propylene.
 
Pictures from ITC's History
 
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