IMTT Company Profile

Background

Overview

International-Matex Tank Terminals (IMTT), established in 1939, is a leading provider of bulk liquid storage and logistics services in North America. Headquartered in New Orleans, Louisiana, the company operates 11 terminals across the United States and Canada, managing a total storage capacity of approximately 41 million barrels.

Mission and Vision

IMTT is committed to delivering safe, reliable, and environmentally sustainable services to its customers. The company aims to support the global transition to a more sustainable future by reducing carbon emissions and investing in low-carbon intensity growth opportunities.

Primary Area of Focus

IMTT specializes in the storage and handling of a diverse range of bulk liquids, including:

Chemicals

Vegetable and tropical oils

Renewable fuels

Crude and refined petroleum products

The company's strategic terminal locations along major waterways and near key distribution hubs facilitate efficient storage and movement of these products.

Industry Significance

As one of the largest independent bulk liquid storage and logistics providers in North America, IMTT plays a crucial role in the energy and chemical industries. Its extensive terminal network and capacity enable it to serve a wide array of customers, including refiners, chemical manufacturers, and distributors.

Key Strategic Focus

Core Objectives

Safety and Reliability: Ensuring the safe and dependable storage and handling of bulk liquids.

Environmental Sustainability: Reducing carbon emissions and supporting the transition to renewable energy sources.

Operational Excellence: Maintaining high operational standards and efficiency across all terminals.

Specific Areas of Specialization

Renewable Fuels: Expanding capabilities to handle renewable diesel, biodiesel, and sustainable aviation fuels.

Chemical Storage: Providing specialized storage solutions for various chemicals, including hazardous materials.

Marine Infrastructure: Operating terminals with deep-water dock capabilities to accommodate large vessels.

Key Technologies Utilized

Bulk Liquid Information System (BLIS): An inventory management system that provides real-time data on stored products.

Electronic Authorization Systems: Facilitating secure and efficient product distribution by truck and rail.

Primary Markets Targeted

Renewable Energy Producers: Supporting the storage and distribution of renewable fuels.

Chemical Manufacturers and Distributors: Offering specialized storage solutions for a wide range of chemicals.

Petroleum Refiners: Providing storage and logistics services for crude and refined petroleum products.

Financials and Funding

Funding History

Acquisition by Riverstone Holdings: In December 2020, Riverstone Holdings LLC acquired IMTT for approximately $2.7 billion.

Recent Funding Rounds

Sustainability-Linked Loan: In 2023, IMTT issued its inaugural Sustainability-Linked Term Loan B, aligning financial incentives with environmental performance targets.

Notable Investors

Riverstone Holdings LLC: A global private equity firm with over $40 billion in assets under management.

Intended Utilization of Capital

Infrastructure Expansion: Investing in terminal upgrades and new facilities to handle renewable fuels and other non-petroleum products.

Sustainability Initiatives: Funding projects aimed at reducing carbon emissions and enhancing environmental sustainability.

Pipeline Development

Key Pipeline Candidates

Renewable Diesel Feedstocks: Developing pipelines to transport renewable diesel feedstocks to production facilities.

Sustainable Aviation Fuel (SAF): Establishing pipelines to supply SAF to airports and aviation fuel distributors.

Stages of Development

Geismar Facility Project: Ongoing project to handle renewable diesel feedstocks, including the construction of six new tanks and related dock infrastructure.

Target Conditions

Renewable Energy Integration: Facilitating the storage and distribution of renewable fuels to support the transition to cleaner energy sources.

Anticipated Milestones

Geismar Facility Completion: Expected to be operational in the near future, enhancing IMTT's capacity to handle renewable diesel feedstocks.

Technological Platform and Innovation

Proprietary Technologies

Bulk Liquid Information System (BLIS): Provides real-time inventory management and operational data.

Electronic Authorization Systems: Ensures secure and efficient product distribution by integrating with customer systems.

Significant Scientific Methods

Environmental Monitoring: Utilizing advanced technologies to monitor and reduce environmental impact.

Data Analytics: Employing data-driven approaches to optimize operations and enhance service delivery.

Leadership Team

Executive Profiles

Carlin Conner: Chairman and CEO. Oversees strategic direction and operations.

Matt Rosenboom: Chief Financial Officer. Manages financial strategy and operations.

Michael Jones: Chief Accounting Officer. Oversees accounting and financial reporting.

Leadership Changes

Sustainability-Linked Loan Issuance: In 2023, IMTT issued its inaugural Sustainability-Linked Term Loan B, aligning financial incentives with environmental performance targets.

Competitor Profile

Market Insights and Dynamics

Market Size and Growth Potential: The North American bulk liquid storage market is substantial, with significant growth potential driven by the increasing demand for renewable fuels and chemicals.

Industry Trends: A shift towards environmental sustainability and the integration of renewable energy sources are influencing market dynamics.

Competitor Analysis

Kinder Morgan: A major competitor in the New York Harbor and Lower Mississippi River storage markets, operating multiple facilities in these regions.

JET Infrastructure: Acquired five IMTT terminals in November 2023, expanding its presence in the U.S. Southeast.

Strategic Collaborations and Partnerships

JET Infrastructure Acquisition: In November 2023, JET Infrastructure acquired five IMTT terminals, enhancing its capacity and regional presence.

Operational Insights

Competitive Advantages: IMTT's extensive terminal network, strategic locations, and commitment to sustainability position it favorably in the market.

Market Position: As one of the largest independent bulk liquid storage providers, IMTT holds a significant market share in North America.

Strategic Opportunities and Future Directions

Strategic Roadmap

Renewable Fuel Integration: Expanding capabilities to handle renewable diesel, biodiesel, and sustainable aviation fuels.

Terminal Expansion: Investing in new terminals and upgrading existing facilities to meet growing demand.

Sustainability Initiatives: Implementing projects aimed at reducing carbon emissions and enhancing environmental sustainability.

Future Business Directions

Diversification: Broadening service offerings to include a wider range of bulk liquids and related services.

Geographic Expansion: Exploring opportunities to expand terminal operations into new regions.

Opportunities for Expansion

Renewable Energy Markets: Capitalizing on the growing demand for renewable fuels and chemicals.

Strategic Partnerships: Forming alliances to enhance service offerings and market reach.

Contact Information

Official Website: IMTT Official Website

LinkedIn: IMTT LinkedIn Profile

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