Wespac Midstream pays $11.75M for LNG site

[thelakelander]

Jacksonville's dream of being a liquefied natural gas hub have taken another step closer to becoming reality.
California-based energy group Wespac Midstream LLC purchased 36 acres of industrial waterfront land near the Jacksonville Port Authority's Dames Point Marine Terminal for $11.75 million from CertainTeed Gypsum and Ceiling Manufacturing, according to a deed filed Thursday.

Wespac plans to build a liquefied natural gas manufacturing plant on the site at 9225 Dames Point Road, formally a drywall manufacturing plant, according to a news release from Colliers International.

Full article: http://www.bizjournals.com/jacksonville/news/2014/10/17/wespac-midstream-pays-11-75m-for-lng-site.html

[acme54321]

I imagine that little rail line is going to see quite and increase in traffic, good news.