Petroplex Reaches Critical Milestone In The Development Of A Bulk Liquids Terminal Facility In St. James Parish

Petroplex International, L.L.C. (Petroplex), a development company of bulk liquids storage tank terminals based in Baton Rouge, today announced that it has launched the front-end engineering and design (FEED) study as part of the progression of the development of a state-of-the-art bulk liquids terminal facility in St. James Parish, La.

“We are pleased to announce the launch of the FEED study for this project,” said Mr. Timothy P. Berrigan, Chief Development Officer, Petroplex. “We continue to build momentum in the development and financing aspects of this project and hope soon to deliver this much-needed storage, blending and logistics facility to our anchor customers in the St. James Parish region.”

Petroplex, which is backed by a consortium including Macquarie Group (ASX: MQG; ADR: MQBKY), through its Macquarie Capital division, Quanta Services Inc. (NYSE: PWR) and individual investor Mr. Harley Franco, CEO and founder of Harley Marine Services Inc., announced that QPS Engineering, LLC, a division of Quanta Services, has been engaged to lead the design and engineering work of the project, and Verwater B.V. will provide specialist engineering advice on the storage tanks. The storage and distribution terminal will include a unit-train facility, barge and ship dock, truck racks and pipeline and will be designed and tailored to client specifications.

The project is expected to break ground on major construction works following construction financing close in the first half of 2013 and begin commercial operations during 2014.

About Petroplex International, L.L.C.

Petroplex International, L.L.C. (Petroplex) plans to build a storage, blending and distribution terminal for bulk petroleum, chemicals, agrichemicals, renewable fuels, and other commercial liquid commodities based on a strategic geographic location, modern infrastructure, a best-in-class management team, and a strong commercial alliance with creditworthy partners and counter-parties. Petroplex will serve the market as an independent “for-hire” terminal service company, providing services in support of trading, blending, refinery and chemical manufacturer storage needs, and distribution. Original investors in the project included Mainline Energy Partners No. 2, LLC, Homeplace Ventures No. 2, LLC and Verwater B.V.

About Macquarie Group and Macquarie Capital

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,200 people and has assets under management of over $US339 billion (as of March 31, 2012).

Macquarie Capital comprises Macquarie Group's corporate advisory, capital markets and principal investing activities. Macquarie Capital provides advisory and capital raising services to corporate, institutional and government clients involved in mergers and acquisitions, debt and equity fund raising and corporate restructurings.

About Quanta Services Inc.

Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power, natural gas and pipeline and telecommunications industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta provides point-to-point fiber optic telecommunications infrastructure in select markets and offers related design, procurement, construction and maintenance services. With operations throughout North America and in select international markets, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.

About Mr. Harley Franco

Harley Franco is the founder and CEO of Harley Marine Services (HMS), a leading marine transportation services company with operations along the United States West Coast, Alaska, New York / New Jersey Harbor and with an expanding presence in the U.S. Gulf. Services include the transportation and storage of petroleum products, ship assist and escort, and the transportation of general cargo. HMS will provide barging services in and out of the Petroplex facility and manage the terminal dock.

About Verwater B.V.

Founded in 1922, Verwater has since developed into a specialist in storage tank maintenance and EPC contracting for tank terminals. With offices worldwide and over 750 employees who are dedicated to providing excellence, safety and quality, Verwater has the ability to meet the demands of specialized projects. Verwater offers services in engineering, tank construction and maintenance, civil work, piping and coating.

Copyright Business Wire 2010

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