History of Moda Midstream II, LLC

  • March 2024
    Moda Midstream II announces equity commitment from Encap Flatrock Midstream and Moda II co-founders

History of Moda Midstream, LLC

  • January 2015
    Moda incorporated by founding partners with mission to be leading independent logistics provider
  • March 2015
    Moda Midstream receives equity commitment of $750,000,000 from Encap Flatrock Midstream, Encap Investments, management and co-investors
  • March 2016
    Joined with Vopak to create Vopak Moda Houston (VMH) to develop marine terminal on Houston Ship Channel
  • August 2016
    Joined with Ergon to form Ergon Moda St. James, a brownfield crude terminal in one of America’s largest refining markets
  • August 2018
    Moda Midstream acquires Ingleside Energy Center, Taft Terminal, and pipeline assets from Occidental Petroleum
  • December 2018
    First VLCC loaded at Moda Ingleside Energy Center (MIEC)
  • January 2019
    Moda announces 10 million barrel storage expansion and waterfront upgrades at MIEC  
  • June 2019
    Moda’s Taft Terminal placed into service
  • November 2019
    Moda announces new marine enhancements that will allow facility to have two VLCC capable berths and one Suezmax capable berth
  • Late 2019
    VMH begins construction of Suezmax dock and infrastructure for petrochemical storage
  • April 2020
    Moda completes delivery of the final 495,000 barrel tank from its 10 million barrel expansion
  • September 2021
    Vopak Moda Houston begins deliveries to industrial gas customers.
  • October 2021
    Enbridge acquires Moda Ingleside Energy Center; Taft Terminal located near MIEC; an interest in the Cactus II Pipeline; Viola Pipeline; and Moda’s St. James Development Project.
  • December 2021
    Vopak Moda Houston terminal is fully operational.
  • February 2023
    Moda and Galveston Bay Foundation announce partnership to establish a coastal wetlands preserve for Galveston Bay
  • January 2024
    Moda completes sale of 50% interest in Vopak Moda Houston Terminal to Exolum