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Port Houston Surges to 5th Place Among U.S. Container Terminals
1 Mar 2024
Port Houston has leapt from being the number seven container terminal in the country to number five and it is continuing to grow with key exports including plastics and petrochemicals, along with 60% of the polyethylene resins produced in the U.S.
Roger Guenther, executive director with Port Houston Authority, told attendees during the recent Greater Houston Port Bureau Annual Meeting that Port Houston has weathered numerous challenges and is moving forward strongly.
“We are in the midst of historic demand after the pandemic and back-to-back years of double-digit, 15% growth,” Guenther told the attendees. “Back then we were talking about the challenges in the supply chain, with the ships sitting out that were waiting to get in and wondering whether we're going to have Christmas toys on the shelf. A lot has changed since then.”
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The Houston region has once again ranked third among top U.S. metros for attracting new business, according to Site Selection Magazine's yearly analysis, while Texas earned its 12th consecutive Governor's Cup.“The Governor's Cups recognize not only the winning governors, but their entire economic development teams, and by extension, the many...
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Image courtesy of LyondellBasell Bayport Polymers PlantHOUSTON, Dec. 8, 2023/PRNewswire/ – LyondellBasell (LYB) today announced it has entered into an agreement to sell its Ethylene Oxide & Derivates (EO&D) business along with the production facility located in Bayport, Texas to INEOS Oxide (INEOS).“This transaction is evidence of our disciplined focus...