With the passage of the 2020 Water Resources Development Act by the U.S. Congress, Max Midstream Texas LLC and the Calhoun Port Authority can begin their expansion of the Calhoun Port in Texas in 2021.
The national legislation included language that allowed Max Midstream and the Calhoun Port Authority to deepen and widen the port, according to a Jan. 4 news release. Max Midstream plans to finish deepening and widening the port by 2023, which will allow up to 20 million barrels per month to be shipped out of the port. The developers said the project will make the Calhoun Port an option for exporters along with Houston and Corpus Christi, Texas.
Max Midstream has reached an agreement with Phillips 66 to connect the Gray Oak pipeline to the Calhoun Port, allowing Permian and Eagle Ford basin crude oil to export through the port as well.
In early 2020, Max Midstream agreed with the Calhoun Port Authority to invest $360 million to finance the deepening and widening of the port by 2023.