Marcellus shale transload facility receives federal grant

By Luke Geiver | December 11, 2018

The U.S. Department of Transportation has awarded Hannibal, Ohio, a $20 million grant to improve a rail and pipeline energy transload facility. The money will be used to construct a pipeline-to-rail transloading facility that will include truck racks and ladder racks connected to a recently constructed loop track.

The Long Ridge Energy Terminal where the funds will be used is located in the heart of the Marcellus and Utica shale gas plays. The facility generates power, stores natural gas liquids and brings in frack sand. In addition to the rail infrastructure, the facility is located on the Ohio River and has two barge docks.

The funding for the project was made available through the DOT’s program called the Better Utilizing Investment to Leverage Development Transportation Discretionary Grants program (BUILD). The program is designed to support roads, bridges, transit, rail, ports or intermodal transportation.

Senator Rob Portman, R-OH, said the project will increase energy exports from the Marcellus and Utica.

Long Ridge is a subsidiary of Fortress Transportation and Infrastructure Investors LLC, the owner of the facility. Fortress trades on the New York Stock Exchange under the ticker symbol FTAI.

In addition to the Long Ridge assets, Fortress also owns a multi-modal crude oil and refined products terminal in Beaumont, Texas.