Welcome to our fabulous Contanda website. Since joining Contanda in April 2016, we have focused on optimizing our business practices and terminal operations to establish a solid foundation for our aggressive growth aspirations. I am happy to say, we made significant strides in making our growth plan reality in late 2017, which ended on a high note, with the finalization of our long term commercial agreement with the Port of Houston Authority for 339 acres of prime acreage located on the Houston Ship Channel.
2018 has been an exciting and active year as we prepare for growth across our organization into the hydrocarbon and petrochemical markets. We have established a solid team with diverse backgrounds and knowledge to make our growth aspirations a success. While we continue to focus on growth, our concentration remains on continued safe, efficient and reliable operations and that means people and process. Nothing is more important to me than each of our employees going home every day or night safe and sound to spend time with their families.
Over the last year we have shifted our commodity portfolio to approximately 50% petrochemicals and hydrocarbons. This is expected to increase in the coming years as we expand further into the Gulf Coast and other parts of North America. We continue to optimize our base business through various organic growth initiatives. Most recently we:
- Initiated construction of four new tanks at our Houston 1 terminal totaling 105,000 barrels. Construction is on time with a scheduled for completion date during 4th quarter 2018;
- Initiated construction of three tanks at our Port Allen terminal totaling 169,000 barrels. Construction is scheduled for completion during 4th quarter 2018;
- Are working on various projects to support our Operational and Commercial Excellence initiatives including updates to Oracle and EDC2; and
- Our Houston 2 terminal will be 100% digitized by mid-year for all high-level alarms.
While Contanda is focused on growth projects in the US Gulf Region, extensive efforts are being made to grow in our other regions. We have numerous discussions ongoing with counter parties which could ultimately affect a number of our terminals. These projects will take Contanda to the next level of achieving our corporate goal of doubling our capacity while firmly establishing our position as a leading storage provider in the growing petrochemical and hydrocarbon markets.
The Petrochemical and Hydrocarbon market along the Gulf Coast is one of the most competitive and fastest growing segments of the oil and gas industry. Production is surging and thereby driving demand for increased storage capabilities. That fact, partnered with our history in storing bulk liquids and expected growth plan, makes it an undeniable opportunity for Contanda.
I am extremely excited about our achievements since I joined Contanda and look forward to our next phase of success.
G.R. “Jerry” Cardillo
President and CEO