In local industrial news:

TransCanada Corp. is considering methods to transfer Canadian crude to Louisiana refineries. Paul Miller, president of liquids pipelines at TransCanada, said in a Reuters interview that the company has already forged a deal to increase its reach to southeast Texas Gulf Coast plants. Miller explained that Louisiana’s 3 million barrels per day refining market could be the company’s next target for Canadian crude deliveries, possibly via an extension of its 700,000 bpd Oklahoma-to-Texas MarketLink pipeline. TransCanada is building a new 700,000-barrel terminal at the Houston Ship Channel and a pipeline connecting it to MarketLink, both of which will start up this summer with links to Enterprise Products Partners’ Oiltanking network. The Magellan linkup will add more connections to southeast Texas refineries. According to the Reuters report, Louisiana’s access to Canadian crude is limited largely to rail and barge shipments and interest is there from refiners with plants able to process heavy oil.

Read more from the Baton Rouge Business Report here and Reuters here.

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