Carlyle-supported company wants guarantee on new US crude export project

Carlyle Group will appeal to the Trump administration to guarantee a two-year approval of its South Texas crude export project. Carlyle-backed Lone Star Ports LLC aspires to open the first new US crude export facility that can accommodate supertankers.

The export facility would require dredging a South Texas ship channel deep enough to facilitate fully loaded supertankers to maneuver at its planned terminal.

The company will now file paperwork with the administration’s Federal Permitting...

https://safety4sea.com/carlyle-supported-company-wants-guarantee-on-new-us-crude-export-project/