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Genesis Energy to Expand Operations at Port of Natchez, Mississippi

07/11/2012
Genesis Energy L.P. is expanding operations at its Port of Natchez terminal in Natchez, Miss., to handle bitumen, a product mined from Canadian oil sands.

"I am grateful Genesis Energy has looked to its Adams County, Mississippi,facility for these operations, and I thank company officials for creating additional job opportunities for area workers," Governor Phil Bryant said. "Mississippi has the port facilities, transportation network and business climate needed to support energy industry growth and play an important role in meeting North America's energy needs."

Steve Nathanson, chief operating officer of Genesis Energy, said, "We are excited about the opportunity to utilize and improve our existing assets in Mississippi to help facilitate the safe and efficient transportation of North American crude oil. Genesis Energy has significant midstream assets throughout Mississippi operated by our professional and dedicated employees. We would like to thank the Mississippi Development Authority, the Port of Natchez and Adams County for the opportunity and look forward to continuing to grow our operations in the area and the state of Mississippi."

Genesis Energy is partnering with Southern Pacific Resource Corp. to handle and transport dilbit, a combination of diluent and bitumen, to refineries on the Gulf Coast. Southern Pacific mines the bitumen in the Canadian oil sands and blends the bitumen with diluent, creating dilbit.. The dilbit will be transported nearly 3,000 miles by rail to the Port of Natchez, where it will be off-loaded to Genesis Energy's terminal. In Adams County, the dilbit will be transferred to barges that will deliver the product as feedstock to refineries on the Gulf Coast.

The Mississippi Development Authority worked closely with local officials to support Genesis Energy with this expansion. The agency provided funding to Adams County for infrastructure improvements at the Port of Natchez. In addition, Adams County is establishing a rail car unloading system at the port.

"This expansion demonstrates Genesis Energy's belief in Mississippi's business climate and in our workforce," said Brent Christensen, MDA executive director.
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