A private equity-backed terminals operator secured space along the Houston Ship Channel for a new liquid bulk storage site, with plans to add up to five aframax-capable docks.

Contanda Terminals signed a deal with the Port of Houston Authority for 339 acres of deep-water access property located on the Houston Ship Channel.

Contanda says it plans to build a facility which can store up to 20 million barrels of liquid bulks, including petrochemicals and clean petroleum products.