Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’
    • XRP News Today: XRP Holds $2 as ETFs Outshine Bitcoin Flows
    • Investor flight to safety in December 2025 market trends
    • Manufacturing Funds Stumble in 2025
    • Gift Mutual Fund Units To Children Without Capital Gains Tax: Online Step-By-Step Guide | Savings and Investments News
    • VNQI vs. HAUZ: These ETFs Offer Investors Exposure to Real Estate Around the World
    • Best Mid-Cap Mutual Funds for High Growth in 2026
    • What They Are, How They Work, and Their Categories
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Port of Beaumont issues $382M in revenue bonds
    Bonds

    Port of Beaumont issues $382M in revenue bonds

    July 23, 2024


    The Port of Beaumont and Jefferson Energy Companies, a subsidiary of FTAI Infrastructure, announced July 9 a strategic partnership to develop Jefferson Terminal South, a “state-of-the-art blue ammonia facility that will enhance the region’s ability to produce and transport clean energy.” 

    The effort marks major expansion for the Port of Beaumont and is anticipated to drive economic growth and strengthen Southeast Texas’ position as a key player in the sustainable energy sector, according to the port’s stated position on the upgrade. 

    Construction of the new Port of Beaumont dock at Jefferson Terminal South has commenced and is expected to be complete by mid-2025. 

    As part of the partnership, the Port of Beaumont issued $382 million in facility revenue bonds and purchased 51 acres of waterfront property for development of the new terminal, which includes construction of one deep draft berth, with plans for future expansion, the port announced. 

    Blue ammonia, which is produced using natural gas with carbon capture technology, is touted as playing a significant role in the national transition to cleaner energy sources. 

    The Jefferson Terminal South project is expected to attract substantial investment and contribute to the region’s longterm economic stability. This facility will be the second Jefferson EnergyPort of Beaumont partnership, the first being the 250-acre Jefferson Main Terminal in Orange, which opened in 2012. 

    “What started as a $60 million port investment at the Jefferson Main Terminal has turned into a $1 billion publicprivate partnership that has created over 200 jobs over the last 12 years,” Port Director Chris Fisher said, further stating his confidence in the new partnership at Jefferson South Terminal yielding similar results. 

    “Our partnership with Jefferson highlights our commitment to enhancing the region’s infrastructure and advancing the clean hydrogen ecosystem in Texas,” Port of Beaumont Board of Commissioners President David Willard. “According to the U.S. Department of Energy Hydrogen Program, clean hydrogen in the United States has the potential to decrease economy-wide emissions by 10% over the next 25 years, create 100,000-plus jobs, and support 450,000 cumulative job-years through 2030. 

    “We believe that if you aren’t moving forward, you are falling behind.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    What They Are, How They Work, and Their Categories

    January 10, 2026

    Key Risks Every Investor Should Know

    January 10, 2026

    When it comes to bond funds, which is better: passive or active?

    January 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Navigating Investments and Risk Factors

    January 10, 2026
    Don't Miss
    Funds

    Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’

    January 11, 2026

    Star fund manager Terry Smith has said the massive shift to passive funds could trigger…

    XRP News Today: XRP Holds $2 as ETFs Outshine Bitcoin Flows

    January 10, 2026

    Investor flight to safety in December 2025 market trends

    January 10, 2026

    Manufacturing Funds Stumble in 2025

    January 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Le “Big Beautiful Bill” probablement voté cette semaine ? – 30/06

    June 30, 2025

    Eshraq Investments’ net losses surpass $157mln in 2024

    February 16, 2025

    US market volatility puts ‘buffer’ ETFs in the spotlight By Reuters

    August 13, 2024
    Our Picks

    Fundsmith star Terry Smith warns index funds are ‘laying foundations of a major investment disaster’

    January 11, 2026

    XRP News Today: XRP Holds $2 as ETFs Outshine Bitcoin Flows

    January 10, 2026

    Investor flight to safety in December 2025 market trends

    January 10, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.