History

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