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CORPUS CHRISTI SHIP CHANNEL CHANNEL IMPROVEMENT PROJECT February 13, 2020 USACE Galveston District Winter Stakeholder Partnering Forum Daniel J. Koesema, P.E., CFM | Chief of Channel Development, Port Corpus Christi

CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

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Page 1: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

CORPUS CHRISTI SHIP CHANNELCHANNEL IMPROVEMENT PROJECT

February 13, 2020

USACE Galveston District Winter Stakeholder Partnering ForumDaniel J. Koesema, P.E., CFM | Chief of Channel Development, Port Corpus Christi

Page 2: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

Independent political subdivision of the State of Texas, governed by seven commissioners

Large industrial energy hub & gateway to global markets

A landowner, a land developer and a landlord

World class facilities

Multimodal connectivity

The EnergyPort of the Americas

Page 3: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

Theo T (Dec. 31, 2015)

Page 4: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account
Page 5: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

2019: Port of Corpus Christi Set Four Tonnage Records,Making Headlines World-Wide

Dredging Today

Sea News Global Maritime News

Turkish Maritime

LatinSea Maritime News

Page 6: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

122M short tons, 403M barrels of crude shipments (full-year projection)

278M export barrels of crude; 56M domestic outbound barrels of crude

69M inbound barrels of crude

$50B+ per yearGoods Value

Record-breaking Tonnage in 2019

Page 7: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

Pipeline Capacity

Page 8: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

$54 Billion Capital Investments($12 Billion Foreign Direct Investments)

Page 9: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

State Projects Total CapEx (Millions)

1. Louisiana 1649 $257,805 

2. Texas 6073 $230,223 

3. Pennsylvania 2982 $83,287 

4. Ohio 4943 $78,696 

5. Alaska 28 $68,791 

6. Michigan 2370 $67,918 

7. Georgia 2670 $52,201 

8. Tennessee 1845 $51,074 

9. New York 1679 $47,439 

10. Louisiana 1649 $257,805 

If the Coastal Bend were a state, it would rank 7th in Industrial Investments

PCCA = $54B

Page 10: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

5MbarrelsProjected crude oil per day expected to flow through Corpus Christi at peak

>60percentEstimated percentage of total U.S. crude exports for which Corpus Christi will account

Projected Crude Export Growth

2026Corpus Christi is projected to reach 3.5 million b/d peak crude exports

+268 percentExpected increase in crude export capacity in Corpus Christi from 2019 to 2023

Page 11: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

Po r t C o r p u s C h r i s t i

1. Congressionally Authorized Project Elements1. La Quinta Channel Extension2. Ecosystem Restoration Features3. CCSC Main Channel Deepening & Widening4. Barge Shelves Across Upper Bay

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Project Overview

C o r p u s C h r i s t i S h i p C h a n n e lI m p ro v e m e n t P ro j e c t

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Page 12: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

Channel Improvement Project Funding and Project Costs

$369.9MFederal cost share

$174.3MPCCA cost share

$148MFederal funding secured to date

$141MPCCA funding provided to USACE to date

$544.2MCurrent Projected Total Cost for CIP* *Preliminary; projected to increase as USACE moves forward with project lettings.

Page 13: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account
Page 14: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account
Page 15: CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT · through Corpus Christi at peak >60 percent Estimated percentage of total U.S. crude exports for which Corpus Christi will account

STAY CONNECTEDPORT CORPUS CHR I ST I

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