By Craig A. Hicks, March 18, 2020 -- Houston, Texas -- While markets are down, and questions loom about where oil prices are going, SGR Energy, a refined products company based in Houston Texas, announces today that it is building a crude oil export operation on the Texas Gulf Coast. Part of a long term business strategy, SGR is seeking to expand oil storage and terminaling options, while also looking at building a pipeline. As of today the company is loading 160,000 barrels of crude to a vessel at the Calhoun Port Authority with another ship scheduled to dock in about two weeks. "SGR Energy will export more than three million barrels of crude oil through the Calhoun Port Authority by the end of 2020, and we expect to expand the operation and double that volume in 2021." -SGR Energy's Vice President Business Development, Vickie Chamberlin
SGR Energy is a fuel blending and manufacturing company that has developed a platform for cost-effectively incorporating cleaner burning blendstocks and additives into a 1% Sulfur #6 Fuel Oil ready for commercial and industrial burning. SGR’s proprietary methodology with the additives, when blended produces a cleaner burning fuel oil that can be produced on a large scale. The SGR Energy technology is wholly owned by SGR Energy and has no styrenes or butylenes incorporated in its fuel.