AQUA BOOK 2016 - Page 23

BIG IN TEXAS SMALL FOOTPRINT The New Economic Paradigm in South Texas reflects not only the sheer sizes of the emerging industries. The common perception about industrial development is that it will inevitably diminish the environmental quality of the region. This will probably not be the case for those new industrial projects, all of which will rely on natural gas as opposed to the conventional petroleum coke as energy supply. M&G, TPCO, and voestalpine will also be heavy users of water mostly for cooling purposes; but they will either operate their own desalination plants with seawater or recycle most of the water consumed during the operations. Officials of those new facilities have also made strategic plans to minimize their footprint and emissions, while making their operations most cost efficient by their own industry standards. All told, those facilities promise to be not only the largest but the most environmentally friendly projects in the world. . . . not only the largest but the most environmentally friendly projects in the world. PORT’S NEW ROLE Another aspect of the emerging economic paradigm is the increasing role of Port Corpus Christi in regional growth. The Port has passed its tipping point from being an importer to an exporter in cargo shipments. Expansion in outbound traffic is expected to continue first with exports of crude oil and condensates to foreign destinations. Shipments of other commodities will also pick up in the next few years when much of the output from the newly developed industrial sites will be destined for export to Europe, South America and Asia through the Port. Meanwhile, the Port is making strategic plans to expand its core operations by leveraging current developments around the world, especially Latin America, such as the expansion of the Panama Canal, M ^X