May 16, 2013 4:34 AM by AP
A $30 million crude oil terminal and blending operation is coming to St. James Parish.
Gov. Bobby Jindal and Wolverine Terminals LLC General Manager Terry Wilson said Wednesday the company will set up on a 15-acre site along the Mississippi River.
The project will create 20 new direct jobs with an average salary of $62,000, plus benefits.
The terminal will receive crude oil shipments by rail from Canadian and U.S. locations and ship blended oil products via barge to domestic customers.
Construction will begin in the third quarter of 2013 and be completed by the end of 2014's second quarter.
The project is supported by energy investment companies Gulfport Energy Corp. of Oklahoma City and Wexford Capital LP of Greenwich, Conn.
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