Headquartered in Corpus Christi, TX, Lone Star Ports, LLC (a Carlyle company) is developing a first-of-its-kind crude oil export terminal on Harbor Island. Through a partnership with the Port of Corpus Christi, Lone Star Ports will lead the development and operations of the first U.S. onshore export terminal servicing fully-laden Very Large Crude Carriers (VLCC) with the ability to export 2 million barrels of crude oil per vessel. Based on current market conditions, net U.S. exports associated with the project could exceed $30 billion per year, connecting American produced energy to the world reducing the U.S. trade deficit and furthering Corpus Christi’s position as a global energy leader.
The project is a joint venture between The Carlyle Group and The Berry Group, the largest private employer in the Corpus Christi area.
Martin Midstream is also working with Lone Star Ports to establish an exclusive VLCC solution on Harbor Island.
Lone Star Ports is led by an experienced management team, including Jerry Ashcroft, former CEO of EQT Midstream – Ashcroft has held leadership positions at two of the largest marine terminals in the world.