Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Why can money market funds make sense when rates are rising?
    • Muni Bonds Face Many Post-Election Possibilities
    • The ‘Real Reason’ Why You Can’t Buy Individual Government Bonds in NISA|中島武信(日銀出身、東大数学博士)
    • AWSHX – American Funds Washington Mutual Investors Fund Class A NAV & Performance
    • 3 Technology Mutual Funds for Fantastic Returns
    • From Managing Investment Portfolios To Leading A Mutual Fund Business, Ashutosh Bhargava Takes Charge As Neo Mutual Fund CEO After His Nippon India Stint
    • ANUU, ANDD & ANSS: Leverage Shares by Themes Announces Leveraged & Short Anthropic ETFs Ahead of ANT IPO
    • Ashutosh Bhargava appointed CEO at Neo Mutual Fund
    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

    Muni Bonds Face Many Post-Election Possibilities

    November 9, 2026

    The ‘Real Reason’ Why You Can’t Buy Individual Government Bonds in NISA|中島武信(日銀出身、東大数学博士)

    November 9, 2026

    His Paper Savings Bonds Can Be Converted Into Electronic Ones, So They Can’t Be Lost in a Drawer or a Move

    November 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Why can money market funds make sense when rates are rising?

    November 10, 2026

    The ‘Real Reason’ Why You Can’t Buy Individual Government Bonds in NISA|中島武信(日銀出身、東大数学博士)

    November 9, 2026

    ANUU, ANDD & ANSS: Leverage Shares by Themes Announces Leveraged & Short Anthropic ETFs Ahead of ANT IPO

    November 9, 2026

    After the Midterms, Which of These 3 Defense ETFs Looks Strongest?

    November 8, 2026
    Don't Miss
    Mutual Funds

    Why can money market funds make sense when rates are rising?

    November 10, 2026

    When you buy through links on our articles, Future and its syndication partners may earn…

    Muni Bonds Face Many Post-Election Possibilities

    November 9, 2026

    The ‘Real Reason’ Why You Can’t Buy Individual Government Bonds in NISA|中島武信(日銀出身、東大数学博士)

    November 9, 2026

    AWSHX – American Funds Washington Mutual Investors Fund Class A NAV & Performance

    November 9, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    How many properties do politicians own? A public register of their interests provides the answer

    October 15, 2024

    F&C UK Real Estate Investments (LON:FCRE) Stock Price Crosses Below 200 Day Moving Average of $93.40

    July 19, 2024

    NS&I slashes interest on fixed bonds – 6 ways to beat falling rates

    January 7, 2026
    Our Picks

    Why can money market funds make sense when rates are rising?

    November 10, 2026

    Muni Bonds Face Many Post-Election Possibilities

    November 9, 2026

    The ‘Real Reason’ Why You Can’t Buy Individual Government Bonds in NISA|中島武信(日銀出身、東大数学博士)

    November 9, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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