CORPORATE INVESTMENT
Rio Grande LNG (RGLNG) | The RGLNG is a natural gas liquefaction and Liquefied
Natural Gas export project. The facility, which will sit over 600 acres in the Port
of Brownsville, will be supplied with natural gas from a new natural gas pipeline,
Rio Bravo Pipeline. The permitting process with the Federal Energy Regulatory
Commission (FERC) began in 2015 and in early March 2018 received another wave
of good news by the Texas Commission of Environment Quality (TCEQ) stating that
the RGLNG facility meets and exceeds state and federal air quality standards. The
permitting process is very lengthy and requires over 10 federal and state agencies
to be on the same page. Insiders believe that there will be an announcement in late
2018.
Rio Bravo Pipeline | The Rio Bravo Pipeline is a pipeline system that will include
two, parallel, 42-inch-outside-diameter, 137.5-mile feed gas pipelines. The system
will commence in Kleberg and Jim Wells Counties and will terminate at the delivery
point, which will be located adjacent to the proposed Rio Grande Terminal near
the Port of Brownsville. The Rio Bravo Pipeline will be phased to meet the required
operational needs of the Rio Grande LNG facility.
Big River Steel | Arkansas based Big River Steel is considering a $1.5 Billion steel
mill in the Port of Brownsville. There are currently two sites that have made the
final selection process, Brownsville is one of them. Big River Steel has a completely
self-contained LEED-certified mill in Arkansas, this one of a kind project would be
replicated in South Texas. This would land hundreds of blue collar jobs that will likely
pay $75,000 in an area where the average wages are below $35,000. The selection
committee has made over 21 trips to South Texas this year and look forward to find
a new home for their Flex Mill, a steel mini mill focused on the production of wide
product spectrum, including advanced automotive and electrical steels.
SpaceX | Space Exploration Technologies Corp is an aerospace company founded
by Elon Musk with the goal of commercializing space exploration. In 2014, Elon Musk
announced that SpaceX would be developing a launch site in South Texas with the
goal of launching one rocket a month. As of early March, SpaceX is determined and
targeting to be operational by late 2018 to early 2019. The launch site will be near the
port of Brownsville on Boca Chica Boulevard and development is almost complete
