Harvest MidStream announced that it has entered into an agreement with Phillips 66 to purchase the Belle Chasse Terminal, formerly the Alliance Refinery, in Plaquemines Parish.
While financial terms of the deal were not disclosed, the acquisition is expected to close in early 2024. Phillips 66 announced plans to close the refinery in November 2021. The facility sits on more than 3,000 acres and has 1 million barrels of storage capacity and two crude oil loading docks. Read the entire announcement.