Posted on September 30, 2026
FTAI Infrastructure subsidiary Jefferson has agreed to acquire the Port Arthur Terminal in Texas and a 50% interest in a diluent recovery unit in Hardisty, Alberta, from USD Group in a $255m deal.
The assets form an integrated crude oil logistics chain serving the US Gulf Coast under a long-term take-or-pay contract with a major energy producer.
The Port Arthur facility sits on a 320-acre site along the Sabine-Neches Waterway and handles around 50,000 barrels per day. It receives crude by rail and has pipeline and barge connections, including a 12-mile pipeline to Phillips 66’s Beaumont terminal serving refiners across the Beaumont, Lake Charles and wider Gulf Coast market.
Jefferson expects the acquired assets to generate around $50m in annual EBITDA over the next 12 months. Completion remains subject to regulatory approvals and is expected in the fourth quarter.
