Genesis Energy, L.P. Announces Expansion of Existing Gulf Coast Terminal Infrastructure, New Crude Oil Pipeline and New Unit Train Facility

Mon Feb 4, 2013 7:30am EST

* Reuters is not responsible for the content in this press release.

HOUSTON--(Business Wire)--
Genesis Energy, L.P. (NYSE: GEL) today announced the company plans to invest
approximately $125 million to improve existing assets and develop new
infrastructure in Louisiana to connect into Exxon Mobil Corporation`s (NYSE:
XOM) Baton Rouge Refinery, one of the largest refinery complexes in North
America with more than 500,000 barrels per day of refining capacity. The project
is expected to generate positive economic benefits both for the community of
Baton Rouge and the state of Louisiana. 

"With the expansion of our operations in Louisiana, Genesis looks forward to a
strong future in the state and to increasing our contribution to the local
economy," Genesis Chief Executive Officer Grant Sims said. "This project
positions Genesis as an efficient conduit for crude oil supply and logistics in
the region." 

Genesis will improve its existing terminal at Port Hudson, Louisiana and build a
new 18 mile 20" diameter crude oil pipeline connecting Port Hudson to the
Maryland Terminal and continuing downstream to the Anchorage Tank Farm. The
company also plans to build a new crude oil unit train facility at the Baton
Rouge Maryland Terminal. 

At Port Hudson, Genesis will construct approximately 200,000 barrels of storage
capacity to complement its 216,000 barrels of existing tank capacity and make
improvements to its existing barge dock and truck station. The new 18 mile
pipeline will have an ultimate capacity of about 350,000 barrels per day, and in
addition to its connection to the ExxonMobil Baton Rouge Refinery, the pipeline
will have potential access to other local refineries representing approximately
140,000 barrels per day. 

Project construction is scheduled to begin in early 2013. The Port Hudson
upgrades and new crude oil pipeline are expected to be completed by the end of
2013 and the Maryland Terminal completion is scheduled for the second quarter of

Genesis intends to finance the transaction with funds available under its
revolving credit facility. Genesis has entered into definitive agreements with
ExxonMobil in which ExxonMobil will grant Genesis a land lease at the Maryland
Terminal site and secure preferential rights for throughput at the facilities. 

About Genesis Energy

Genesis Energy, L.P. is a diversified midstream energy master limited
partnership headquartered in Houston, Texas. Genesis` operations include
pipeline transportation, refinery services and supply and logistics. The
Pipeline Transportation Division is engaged in the pipeline transportation of
crude oil and carbon dioxide. The Refinery Services Division primarily processes
sour gas streams to remove sulfur at refining operations. The Supply and
Logistics Division is engaged in the transportation, storage and supply and
marketing of energy products, including crude oil, refined products and certain
industrial gases. Genesis` operations are primarily located in Texas, Louisiana,
Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico. In Louisiana,
Genesis employs more than 300 people.

Genesis Energy, L.P.
Bob Deere, 713-860-2516
Chief Financial Officer 

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