A company that has proposed a 4-mile, 20-in. diameter crude oil pipeline to connect a rail facility to pipelines and refining facilities in the Chicago area is seeking shipping commitments in an open season announced Oct. 23.
JBBR Pipeline LLC, a wholly owned subsidiary of CenterPoint Properties, is soliciting binding long-term volume commitments from customers for interstate common carrier transportation service on up to 90 percent of the capacity of the pipeline system.
The pipeline is designed to transport crude oil from a crude-by-rail offloading terminal facility to be built, owned and operated by Joliet Bulk, Barge & Rail LLC in Joliet, Illinois, to an interconnection with Mobil Pipe Line Co.’s Mokena-to-Joliet crude pipeline. From there, shippers will have direct access to ExxonMobil Oil Corp.’s Joliet Refinery. The pipeline is designed to transport up to 210,000 barrels per day (bpd) and is scheduled to be operational by Jan. 31, 2015.
The open season closes on Nov. 21. The binding open season will allow interested parties to make volume commitments and execute long-term transportation agreements with JBBR Pipeline for transportation on the pipeline. Shippers electing to make long-term volume commitments to JBBR Pipeline will be eligible to receive priority transportation service at a premium transportation rate for their committed volumes.
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint’s portfolio includes 40 million sq. ft and 6,300 acres under development in the company’s integrated intermodal industrial parks.
Tags: CenterPoint Properties, JBBR Pipeline