Thursday, December 3, 2015
Sea-3 of Florida Inc. has received approval from the Tampa Port Authority to amend its lease agreement and expand its propane operations to have the capability to import and export propane from its terminal facility. Commissioners approved Sea-3’s application to build a rail facility to serve its 12.4-acre site at the port, as well as extend rail track on an adjacent property.
The company’s annual revenue-producing guarantee of 2 MMbbl a year of LPG for the premises remains the same through Dec. 31, 2020, rises to 2.5 MMbbl between Jan. 1, 2021 and Dec. 31, 2025, and caps at 3 MMbbl a year from Jan. 1, 2026 through Dec. 31, 2030. Improvements include three 90,000-gal. propane storage tanks, compressors, dryers, piping, and rail siding track for storing railcars.
Sea-3 and Gaetano Cacciatore LLC, which leases an adjacent 12.12-acre property, are negotiating an agreement to allow Sea-3 to use a portion of the existing rail infrastructure for the inbound and outbound movement of railcars. Plans call for Sea-3 to construct a new railcar unloading facility with the capacity to handle up to 14 railcars. Currently, LPG arrives by ship. The new infrastructure will allow the company to take delivery by rail, with LPG either distributed from its terminal or exported by ship.
The company’s annual revenue-producing guarantee of 2 MMbbl a year of LPG for the premises remains the same through Dec. 31, 2020, rises to 2.5 MMbbl between Jan. 1, 2021 and Dec. 31, 2025, and caps at 3 MMbbl a year from Jan. 1, 2026 through Dec. 31, 2030. Improvements include three 90,000-gal. propane storage tanks, compressors, dryers, piping, and rail siding track for storing railcars.
Sea-3 and Gaetano Cacciatore LLC, which leases an adjacent 12.12-acre property, are negotiating an agreement to allow Sea-3 to use a portion of the existing rail infrastructure for the inbound and outbound movement of railcars. Plans call for Sea-3 to construct a new railcar unloading facility with the capacity to handle up to 14 railcars. Currently, LPG arrives by ship. The new infrastructure will allow the company to take delivery by rail, with LPG either distributed from its terminal or exported by ship.
