voestalpine Texas Sets Off A New Era - South Texas Alliance for Regional Trade

May 12, 2014

voestalpine and Port Corpus Christi

Groundbreaking Sets $740 Million Construction Project in Motion at Port Corpus Christi

CORPUS CHRISTI, TEXAS, USA voestalpine Texas celebrated the ground breaking of a US $740 million Hot Briquetted Iron (HBI) facility at Port Corpus Christi’s La Quinta Trade Gateway on Wednesday, April 23, 2014. The event was held at the La Quinta Trade Gateway, located at 4832 HWY 181, Portland, Texas.

The Austrian steel and technology group, voestalpine, broke ground on their largest foreign direct investment project to date at Port Corpus Christi’s La Quinta Trade Gateway. Several hundred people including dignitaries from across the globe attended the momentous occasion. The symbolic turning of the dirt at the La Quinta Trade Gateway site at Port Corpus Christi sets construction of the project in motion. The facility will produce high quality HBI, a key material in the raw steel making process. The Coastal Bend is anticipating approximately 1,000 jobs to be created during construction of the facility. Once operational, voestalpine Texas will employ 150 full time staff.

“We are excited about what the future holds for voestalpine Texas, the South Texas region, and Port Corpus Christi. voestalpine’s selection of Port Corpus Christi’s La Quinta Trade Gateway for their largest U.S. investment has greatly helped shine more light on our region. We look forward to a long and prosperous relationship with voestalpine. Their forward thinking, and desire for sustainable growth is something that we are proud to have a part in.” Said Judy Hawley, Port Corpus Christi Commission Chair.

voestalpine and Port Corpus Christi
The Corpus Christi area was chosen to be a part of voestalpine’s international growth strategy due to ease of logistics at Port Corpus Christi; abundant energy from natural gas supplied by South Texas’ Eagle Ford Shale; a highly skilled workforce; and political stability. The property on Port Corpus Christi’s La Quinta Ship Channel offers deep-water ship access for large vessels with excellent highway and rail service.

The voestalpine Texas facility will produce approximately two million tons of high-quality HBI annually using natural gas as a reduction agent in the direct reduction process. Approximately half of the HBI will be exported to voestalpine’s plants in Linz and Donawitz, Austria for the production of steel. The rest will be procured by international customers, and to supply voestalpine’s strategic reserves.