Press release BoxID: 673611 (Port Corpus Christi)

Port Corpus Christi
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Patricia Cardenas
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voestalpine Texas Puts Their Shovels in the Dirt for a New Era at the Port's La Quinta Trade Gateway

"High Tech HBI Facility to Begin Construction at Port Corpus Christi"

(PresseBox) ( Corpus Christi, Texas, 14-04-23 )

voestalpine Texas will celebrate the ground breaking of a US $740 million Hot Briquetted Iron (HBI) facility at Port Corpus Christi's La Quinta Trade Gateway on Wednesday, April 23, 2014. The event will be held from 11:30 AM to 2 PM at the La Quinta Trade Gateway, located at 4832 HWY. 181, Portland, Texas.

The Austrian steel and technology group, voestalpine, will break ground on their largest foreign direct investment project to date at Port Corpus Christi's La Quinta Trade Gateway. The facility will produce high quality HBI. HBI is a key material in the raw steel making process. Approximately 1000 jobs are anticipated to be created during construction of the facility. Once operational, voestalpine Texas will employ 150 full time staff.

"As South Texas continues to emerge as the energy hub of the United States, Port Corpus Christi continues to develop strategic partnerships with the world's leading entities. We are honored to be selected by voestalpine for their HBI production plant. voestalpine's desire to be good stewards of our environment while creating great jobs, and bringing more recognition to South Texas is something that we are proud to stand behind." Said Judy Hawley, Port Corpus Christi Commission Chair.

The Corpus Christi area was chosen to be a part of voestalpine's international growth strategy due to ease of logistics at Port Corpus Christi; abundant energy from natural gas supplied by South Texas' Eagle Ford Shale; a highly skilled workforce; and political stability. The property on Port Corpus Christi's La Quinta Ship Channel offers deep water ship access for large vessels with excellent highway and rail service.

The voestalpine Texas facility will produce approximately two million tons of high-quality HBI annually using natural gas as a reduction agent in the direct reduction process. Approximately half of the HBI will be exported to voestalpine's plants in Linz and Donawitz, Austria for the production of steel. The rest will be procured by international customers, and to supply voestalpine's strategic reserves.

Port Corpus Christi

As the primary economic engine of the Coastal Bend, Port Corpus Christi is the 5th largest port in the United States in total tonnage. The Port's mission statement is to "serve as a regional economic development catalyst while protecting and enhancing its existing industrial base and simultaneously working to diversify its international maritime cargo business." Strategically located on the western Gulf of Mexico, with a straight, 45' deep channel, the Port provides quick access to the Gulf and the entire United States inland waterway system. The Port delivers outstanding access to overland transportation with on-site and direct connections to three Class-1 railroads and uncongested interstate and state highways. The Port is protected by a state-of-the-art security department and an award-winning Environmental Management System. With outstanding management and operations staff, Port Corpus Christi is clearly "The Port of the Lone Star State." http://www.portofcorpuschristi.com/...

Port Corpus Christi is a member of START (South Texas Alliance for Regional Trade), a collaborative effort that highlights business opportunities in South Texas in the manufacturing, energy, aerospace, international trade, military and other sectors and the related strategic support provided by Port San Antonio, Port Corpus Christi and Port Laredo. http://www.southtexastrade.com/...

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