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Juan B. Sosa, Consul General of Panama
CAPT Bill Diehl, USCG (Ret.)
Expansion of the Panama Canal – A Game Changer: Port of Houston and Beyond
The Port of Houston • No. 1 U.S. Port in foreign waterborne tonnage
• Home to largest petrochemical complex in the U.S. (2nd largest in the world)
• 2.1 million jobs per year nationwide
• Generates $500 billion in annual economic activity nationwide
Pilot Moved
Tug and Barge
5% General Cargo 11%
Container 11%
Bulk 8%
Chemical Tanker
13%
Tanker 45%
Pure Car Carrier
1%
LPG 5%
2011 8,022 Ships
Pilot Moved Tug and Barge
5%
General Cargo 12%
Container 12%
Bulk 12%
Chemical Tanker
16%
Tanker 34%
Pure Car Carrier 1%
LPG 7% 2014
8,338 Ships
Annual Vessel Arrivals Port of Houston
*Source EIA 2015
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
200000
2009 2010 2011 2012 2013 2014
Light Sweet Light Sour Medium Heavy Sweet Heavy Sour
Houston Crude Oil Imports by Quality In thousands of barrels
*Source Greater Houston Port Bureau, EIA
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Estimated Petroleum Exports for the Port of Houston (MBD)
Refined Products Chemicals NGLs Crude Oil
MBD
Houston Ship Channel and surrounding, TX • Ascend 2015 New propane PDH • Celanese-Mitsui JV 2015 New methanol • Chevron Phillips Chemical 2014 New hexane • Chevron Phillips Chemical 2017 New ethylene • Enterprise 2016 New propylene • Exxon Mobil 2017 New ethylene • Exxon Mobil 2016 New polyethylene • Formosa 2018 New ethylene • Formosa 2016 New propylene • Ineos 2014 Ethylene debottleneck • LyondellBasell 2015 Ethylene expansion • LyondellBasell 2014 Propylene debottleneck • LyondellBasell 2014 New polyethylene • Flint Hills (Petrologistics) TBD New PDH
Freeport – Old Ocean, TX • BASF-Yara 2018+ New ammonia • BASF 2019 Methane-to-propylene • Dow 2017 New ethylene • Dow 2015 New PDH • Dow 2018 New propylene • Dow 2017 Gas to Liquids • Dow Agrosciences TBD Herbicide • CP Chemical 2017 Ethylene expansion • CP Chemical 2017 New polyethylene
Corpus Christi / Point Comfort, TX • LyondellBasell late-2015 Ethylene expansion • Formosa 2017 Ethylene dichloride • Formosa 2016 New PDH • Formosa 2016 New propylene • M&G Group 2016 New PET • M&G Group 2016 New PTA • Oxy/Mexichem JV 2017 New ethylene (2 units)
Beaumont – Orange, TX • LANXNESS 2016 Butadiene rubber • Orascom Construction (OCI) 2016 New methanol
Lake Charles, LA • G2X 2017 Methanol-to-gasoline • LyondellBasell late-2015 Ethylene expansion • Sasol 2018 New ethylene • Sasol 2016 New polyethylene • Westlake 2015 Ethylene expansion
Baton Rouge – New Orleans Corridor, LA • Axiall / Lotte 2018 Ethylene expansion • BioNitrogen 2015 New UAN • Eurochem 2017 New ammonia • CF Industries 2015 Ammonia expansion • Methanex 2015 Methanol migration • Methanex 2016 Methanol migration • S. LA Methanol 2016 New methanol • Valero 2016 New methanol • Dyno Nobel 2016 New ammonia
Iowa • LyondellBasell 2014 Ammonia expansion • Orascom (OCI) 2015 New fertilizer • Iowa Fertilizer 2015 New Ammonia
Mobile, AL • Huntsman Chemical 2015 Epoxy expansion
Parkersburg/Natrium, WV • Odebrecht TBD New ethylene • Dominion 2014 Gas fractionation
restart and expansion OK
• Koch 2016 Urea expansion • LSB Ind. 2015 New ammonia
Monaca, PA • Shell 2018 New ethylene
Pacific Northwest • Northwest Innovation 2018 New Methanol
(2 locations) • Tesoro 2017 New Xylene
Indiana • Midwest Fert. 2017 New ammonia
Sources: ICIS, Company announcements, Kirby Corp.
*Notes: Date reflects anticipated year in-service, red font reflects construction in progress
$100 Billion+ in Planned U.S. Petrochemical Investment
0
20
40
60
80
100
120
140
160
180
2011 2012 2013 2014 2015 2016 2017 2018
Waterborne Foreign Trade Houston - Millions Metric Tons
Imports Exports Houston Total Trade
The Canal Shifts the Market to the USGC/USEC
Cost Based on: • 4,000 TEU Vessel • Canal Tolls January 2011 • $467.00 / MT Bunker (HFO) • Actual Charter Rate
Cost Based on: • 8,000 TEU Vessel • Canal Tolls January 2011 • $467.00 / MT Bunker (HFO) • Actual Charter Rate
Dredging Challenges
• Harbor Maintenance Trust Fund
• PHA Study – Wider vs.
Deeper Dredging
• Accommodating Post-Panamax Ships
Waterside Congestion
• Inefficient scheduling • Increase in non-productive
movements • Increase in waterway
congestion