Last Friday, the U.S. Environmental Protection Agency (EPA) gave a final approval for construction to begin on a new condensate splitter plant Corpus Christi, Texas.
The EPA issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to Magellan Processing, L.P. The company plans to build the new plant at the company’s existing terminal in Nueces County.
“Corpus Christi’s economy is well-placed to take advantage of today’s diverse energy market,” said Regional Administrator Ron Curry in a news release from the EPA. “EPA has worked hard to ensure companies like Magellan have the permits they need to get to work on these important projects.”
The Magellan project will have the capacity to refine 100,000 barrels per day of natural gas. The company estimates capital costs for the project at roughly $400-450 million. Additionally, Magellan Processing expects the new construction to create around 500 construction jobs and 105 long-term jobs. As of Monday, no expected completion date was released.
Since Jan. 2, 2011, projects in Texas that increase GHG emissions required an air permit from the EPA. In Texas alone, EPA has received 86 GHG permit applications from businesses since 2011. Texas is ranked number one in the country for receiving EPA-issued GHG permits, with over 61 permits being issued by EPA. On Oct. 31, 2014, EPA announced both its approval of the state air plan and the withdrawal of the federal air plan making the Texas Commission on Environmental Quality (TCEQ) the primary GHG permitting authority in Texas.