Houston solidifies #1 position in the resin export market
Port Houston and Portwall Partners Ltd. have entered into a 50-year lease agreement to develop a state-of-the-art resin packaging facility on approximately 56 acres of property at Port Houston’s Bayport Industrial Complex.
Under the agreement, Portwall Partners Ltd. will construct an 800,000-square rail-served facility to serve the region’s large and growing resin market. The modern facility will feature 3 high speed packaging lines, 350 truck spots and 500 rail spot capacity and will be subleased and operated by Packwell.
“Port Houston is America’s pre-eminent resin port. This development is a continuation of the strategic expansion Port Houston has been pursuing for some time,” Executive Director Roger Guenther said. “We look forward to seeing this new industrial park develop and flourish in order to better serve our customers and keep jobs here in Houston.”
Port Houston’s Bayport Industrial Park Phase 1 is adjacent to the Bayport Container Terminal complex. Packwell is a leader in the plastics bagging and logistics industry and is based in Houston, Texas. The new Bayport facility will be the newest addition to Packwell’s facility network across Houston, which has been packing polymers of all categories for a wide range of clients.
Established in 1986, Packwell has a long track record in the industry. “We have a proven track record and are excited to be integrally involved with Port Houston for this major new facility,” said Al Duran, president of Packwell. “As a family business, we have been able to grow steadily in the resin market thanks to our dedicated team members, good business practices, and our many loyal customers. We look forward to this great opportunity and are excited to be able to grow with the plastics industry.”
The agreement is effective April 1, 2021.
Port Houston has a wide offering of direct all-water services connecting Houston, Dallas-Ft. Worth and Middle America with markets in Asia, Europe, Latin America and ports around the world. Among the nation’s top six container ports, Port Houston is the fastest-growing, according to 2019 data from maritime sector data vendor IHS Markit PIERS. Port Houston handles more than two-thirds of the containers that move through the U.S Gulf of Mexico. Port Houston has a 59% market share of all resins exported from the U.S.