Bay Area Hot Projects – August 2020

The Bay Area Houston Economic Partnership publishes its Hot Projects multiple times per year. The August 2020 edition is below. To download a PDF version, click here.  Major Industrial Investments NextDecade, based in Houston, is proposing to build a $6 billion LNG export facility on Pelican Island. Kemah 30 acres – Galveston Bay Foundation plans on-site […]

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Marathon Petroleum Restarts Texas City Refinery After Massive Overhaul

Marathon Petroleum Corp began restarting its 585,000 bpd refining complex in Galveston Bay that has been shuttered for more than a month now, according to Reuters sources. The complex—America’s second-largest refinery after Motiva–was shut on May 23rd as part of a massive overhaul. Marathon did not confirm the plans to restart, but the sources indicate […]

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Lago Mar Has (Very Clear) Water

Galveston County’s very own Crystal Lagoon in Texas City’s Lago Mar subdivision has been filled with water, and it’s very clear, and very very blue. The lagoon is part of a 70-acre resort-style compound that will include a hotel, waterfront boardwalk promenade, 250,000 square feet of restaurant and retail space and residential homes. Previous articles […]

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Eastman’s Portillo Matute Strives for Excellence in Texas City

BIC Magazine wrote a very positive profile of the great work that site manager Sergio Portillo Matute is doing for Eastman Chemical Company in Galveston County. From the article: Although Sergio Portillo Matute’s primary responsibility as site manager of Eastman Chemical Co.’s Texas City Operations is ensuring safe, reliable and efficient operations, his role also […]

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Texas City’s Downtown Revitalization Booming

By most all measures, things are picking up at Texas City’s 6th Street Revitalization District, a long-standing project to revitalize a blighted but historic area in the shadow of the city’s massive industrial plants, to create a business and entertainment zone for locals and visitors. In what was once Texas City’s downtown, a strip that […]

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Galveston County Wins $1B Ammonia Plant

$1 Billion Investment Brings World-Scale Ammonia Production Facility to Galveston County and Greater Houston On January 8, 2020, in collaborative announcements, Gulf Coast Ammonia LLC (GCA), Air Products and Eastman Chemical Company shared that final financing agreements had been reached to build the world’s largest single-train ammonia synthesis loop in Texas City, Texas. This facility will […]

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County Negotiates First Tax Abatement in 9 Years for $800m Gulf Coast Ammonia Project

Operators of a planned offshore ammonia processing plant won’t pay property taxes to the county until 2032 but will pay about $2 million a year in lieu of taxes under an abatement agreement county commissioners approved Monday. The county will earn about $20 million from the proposed $800 million plant over the abatement agreement’s 10-year […]

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Houston LNG Co Takes Investment for Texas City Project

1,000 Acre LNG Terminal in Texas City Under Development Houston-based NextDecade Corp. nabbed a new investment for its planned liquified natural gas export facility in South Texas. NextDecade and the Abu Dhabi-based sovereign investor Mubadala Investment Co. entered into a private placement agreement for $50 million of shares of NextDecade’s common stock, according to an […]

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Man-Made Lagoon Growing Quickly in Galveston County

The largest man-made lagoon in Texas is fast taking shape in Texas City. The beginnings of a 12-acre, man-made lagoon stretch out across land near Interstate 45, a testament to the large aspirations of the developers behind the Lago Mar subdivision, west of the highway near the Holland Road exit. After opening the first home […]

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Lago Mar Tax Zone Seeks Extended Deal with County

Twelve years after approving a special tax district to help build a master-planned community in Texas City, Galveston County is considering giving the development more time to reach its full potential. The county is considering revising an agreement with Texas City’s Tax Increment Reinvestment Zone 1 to allow county tax dollars to go to the […]

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