Intercontinental Terminals Company, LLC

What Intercontinental Terminals Company, LLC does

Intercontinental Terminals Company, LLC (ITC) is a US-based bulk liquid storage terminal operator serving the global petrochemical and petroleum products market. Founded in 1972 and wholly owned by Mitsui & Co., Ltd., ITC operates four terminals — Deer Park and Pasadena in Texas on the Houston Ship Channel, ITC-Rubis Antwerp (Belgium) as a joint venture, and the ACT terminal for LPG products — with a combined storage capacity of 18.7 million barrels across 272+ tanks. The company provides five core service lines: storage (tanks ranging 8,000–165,000 barrels, with blending, heating, circulation, refrigeration, and vapor control), marine loading/unloading (8 tanker/ship berths and 13+ barge docks), truck loading, railcar services (via PTRA), and pipeline connectivity (Colonial, Explorer, and multiple local refinery systems).

ITC generates revenue through three streams: subscription-style storage fees tied to reserved barrel capacity (multi-year contracts), transaction-based handling fees for throughput movements, and value-added service charges for blending, heating, and vapor control. Pricing is quote-based and not publicly disclosed; customers access operational documents and tariffs through a self-service portal. Distribution is via direct enterprise field sales targeting petrochemical manufacturers, petroleum product companies, and LPG/gas handlers, with the Houston Ship Channel acting as the primary logistics hub for global flows into and out of US Gulf Coast refining complexes.

The company has compounded capacity through phased expansion since 2010, most notably scaling the Pasadena terminal from a 180-acre greenfield to 8.16 million barrels in under a decade. ITC holds RC 14001, ISO 9001, OSHA VPP, CDI-T, and MTSA certifications, positioning it as a compliance-ready terminal operator for enterprise customers. Operations are run by a 251–500 employee team under a parent-supported executive bench (CEO Brent J. Weber since 2021, CFO Lindsay Knight since 2023, CSO Takashi Ogura from Mitsui since 2024, CRO Meridith Wilson from 2026). A 2019 fire at the Deer Park terminal releasing over 70 million gallons remains a salient operational and reputational event in the company's recent history.

Name

Intercontinental Terminals Company, LLC

Legal name

Intercontinental Terminals Company, LLC

Website

https://iterm.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Short description

Intercontinental Terminals Company is a Mitsui-owned bulk liquid storage terminal operator serving petrochemical, petroleum, and LPG customers via four terminals with 18.7 million barrels of capacity across the Houston Ship Channel and Antwerp, offering multimodal storage, blending, and logistics services.

Ownership category

akta.pro rank

Product category

Bulk Liquid Storage Terminal Services

NAICS

Petroleum Bulk Stations and Terminals (42471), Pipeline Transportation of Refined Petroleum Products (486910), Support Activities for Water Transportation (4883), General Warehousing and Storage (493110)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610), Public Warehousing & Storage (4220)

akta.pro primary industry

Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

akta.pro secondary industries

Liquid Bulk Chemical & Petrochemical Terminals (Base Chemicals, Solvents) (TLAHABAI), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL), Bulk Terminal Services & Operations (Stevedoring, Sampling, Weighing, Blending) (TLAHABAO)

Keywords

• Bulk liquid storage
• Terminal services
• Petrochemical logistics
• Marine terminal operations
• Pipeline connectivity services

Headquarters

HQ city

Deer Park

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Terminal Storage Services: Bulk liquid storage services for petrochemical and petroleum products. Revenue is generated through storage fees based on capacity reserved and throughput volume. Services include tank storage with various configurations (refrigerated, heated, pressurized) and size ranges from 8,000 to 165,000 barrels.
2. Logistics and Handling Services: Revenue from marine vessel loading/unloading, barge services, rail car loading/unloading, truck loading/unloading, and pipeline transfer services. These are transaction-based fees for movement of products.
3. Value-Added Services: Additional revenue from product blending, heating, circulation, vapor control, and other specialized terminaling capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Intercontinental Terminals Company (ITC) provides bulk liquid storage and integrated terminaling services for petrochemical and petroleum products across its Deer Park (Texas), Pasadena (Texas), and Antwerp (Belgium) terminals, totaling 18.7 million barrels of storage capacity. Service lines include tank storage (with blending, heating, refrigeration, and vapor control), marine vessel and barge loading/unloading, rail car loading/unloading and storage, truck loading/unloading, and connectivity to Colonial and Explorer pipeline networks. Customers include petrochemical manufacturers, petroleum product companies, and LPG/gas handling firms that contract for capacity and throughput on a subscription and transaction-fee basis.

Product overview

Intercontinental Terminals Company (ITC) is a terminal services company offering integrated logistical services for the global petrochemical and petroleum products market. The company operates three main facilities: Deer Park (Texas, 11.9 million barrels), Pasadena (Texas, 8.2 million barrels), and ITC-Rubis Antwerp (Belgium, joint venture). ITC's service portfolio comprises five core offerings: Storage Services (tank storage with blending, heating, refrigeration capabilities), Marine Services (barge and vessel loading/unloading), Truck Services, Rail Car Services, and Pipeline Services (connectivity to Colonial and Explorer pipelines). The company also provides a Customer Self Service Portal for document access. Total operating capacity across four terminals is 18.7 million barrels.

Differentiator

Problem solved

Functional benefit

Products and services

• Storage Services Bulk liquid storage services providing storing, blending, heating, circulation, refrigeration, and vapor control using stainless or carbon steel tanks ranging from 8,000 to 165,000 barrels in capacity, designed for petrochemical and petroleum product customers.
• Marine Services Barge and ocean-going vessel loading and unloading services. Deer Park has five tanker berths and ten barge docks; Pasadena has three ship berths and multiple barge docks.
• Truck Services Full truck loading and unloading services with certified truck loading scale available at both Deer Park and Pasadena terminals for petrochemical and petroleum product customers.
• Rail Car Services Full railcar loading/unloading and car storage services. Deer Park has a 500-car capacity private storage spur; Pasadena offers tank car storage and a loading/unloading rack. Both terminals are served by the Port Terminal Railroad Association (PTRA).
• Pipeline Services Connectivity to local and interstate pipeline networks including the Colonial Pipeline and Explorer Pipeline systems, enabling inbound and outbound product movement for petrochemical and petroleum customers. Pasadena additionally connects to multiple refineries via Marathon, Phillips 66, Enterprise Products, Shell/Buckeye C5, and SINCO systems.
• Deer Park Terminal 264+ acre terminal facility in Deer Park, Texas with 204 storage tanks totaling 11,861,000 barrels capacity. Handles liquid chemicals (aromatics, methanol, chlor-alkali, ethanol), petroleum products (gasoline, distillates, fuel oil), and gases (propylene, butadiene, butylene, isoprene, butane). Features five tanker berths, ten barge docks, 500-car rail spur, and pipeline connectivity.
• Pasadena Terminal 180-acre terminal facility in Pasadena, Texas with 68 storage tanks totaling 8,162,000 barrels capacity. Handles refined petroleum products, gasoline blend stocks, and chemicals (primary organics, organic intermediates, inorganic chemicals). Connected to Colonial and Explorer pipelines and multiple refinery systems via Marathon, Phillips 66, Enterprise Products, Shell/Buckeye C5, and SINCO.
• ITC-Rubis Terminal Antwerp Joint venture terminal with Rubis located in the Port of Antwerp, Belgium, serving European petrochemical and petroleum customers with ongoing capacity expansions.

Quantifiable outcome

• 18.7 million barrels total storage capacity across 4 terminals
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered major, core and minor.

• Rubis (ITC-Rubis Joint Venture)majorStrategic or Co-development Partner · 1 January 2008ITC entered into a joint venture terminal agreement with Rubis in 2008 to build a new facility in the Port of Antwerp. Terminal operations at ITC-Rubis Terminal Antwerp started in October 2010 with continued expansions. Brent J. Weber serves as Chairman of the Board for ITC-Rubis.
• Colonial PipelinecoreStrategic or Co-development PartnerMajor interstate pipeline system providing outbound connectivity from ITC Pasadena terminal. One of the largest refined petroleum products pipeline systems in the United States.
• Explorer PipelinecoreStrategic or Co-development PartnerMajor interstate pipeline system providing outbound connectivity from ITC Pasadena terminal. Connects to refineries and distribution networks.
• Port Terminal Railroad Association (PTRA)majorStrategic or Co-development PartnerRailroad operator serving ITC terminals in Deer Park and Pasadena. Provides rail car loading, unloading, and storage services at both facilities.
• Marathon PetroleummajorStrategic or Co-development PartnerPipeline connectivity for inbound movements from Marathon's Pasadena Terminal, Galveston Bay, and Texas City refineries to ITC Pasadena.
• Phillips 66majorStrategic or Co-development PartnerPipeline connectivity for inbound/outbound movements between ITC Pasadena and Phillips 66's Sweeny Refinery.
• Enterprise ProductsmajorStrategic or Co-development PartnerPipeline connectivity for butane and C5 products inbound to ITC Pasadena from Enterprise's systems.
• Shell/Buckeye C5 PipelinemajorStrategic or Co-development PartnerPipeline connectivity for C5 products inbound to ITC Pasadena from Shell/Buckeye systems.
• SINCO (Deer Park Refinery)majorStrategic or Co-development PartnerPipeline connectivity for inbound movements from SINCO's Deer Park Refinery to ITC facilities.
• East Harris County Emergency Management Association (EHCMA)minorOthersEmergency management association for industrial facilities in the East Harris County area. ITC is an active member.
• Channel Industries Mutual Aid (CIMA)minorOthersMutual aid association for channel area industrial facilities. ITC is an active member and first responder participant.
• International Liquid Terminals Association (ILTA)minorStrategic or Co-development PartnerIndustry association for liquid terminal operators. Brent J. Weber serves as Board Member of ILTA.
• Responsible Care (American Chemistry Council)majorStrategic or Co-development PartnerITC is an active participant in the Responsible Care initiative, a chemical industry program focused on environmental stewardship, health, safety, and security. ITC holds RC 14001 certification.

Scale indicators7 records

Recent moves18 records

Expansion highlights5 records

Direct peers

• Vopak: Vopak is the world's largest independent tank terminal operator with approximately 30 million m³ of storage capacity globally. It offers bulk liquid storage and handling services for oil, chemicals, gases, and biofuels across more than 70 terminals, making it the most directly comparable peer to ITC's petrochemical and petroleum terminal operations.
• Oiltanking (Mabanaft): Oiltanking, a subsidiary of German conglomerate Mabanaft, is one of the world's largest independent operators of tank terminals for petroleum products, chemicals, gases, and biofuels. With a global network of terminals including major US Gulf Coast facilities, Oiltanking directly competes with ITC for bulk liquid storage customers in similar product categories.
• Stolthaven Terminals (Stolt-Nielsen): Stolthaven Terminals, part of Stolt-Nielsen Limited, operates a global network of bulk liquid storage terminals specializing in chemicals, vegetable oils, and specialty liquids. Its terminals offer similar storage, blending, and multimodal services to ITC, making it a direct peer in the independent tank terminal segment.
• Kinder Morgan Terminals: Kinder Morgan operates one of the largest terminal networks in North America, including bulk liquid terminals on the Houston Ship Channel and other Gulf Coast locations. Its Terminals business segment handles petroleum products, chemicals, and renewable fuels with extensive pipeline connectivity, making it a direct competitor to ITC in US bulk liquid storage.
• Buckeye Partners: Buckeye Partners operates one of the largest independent refined petroleum products pipeline systems and bulk liquid terminal networks in the United States. With approximately 57 million barrels of storage capacity, Buckeye directly competes with ITC for refined products and petrochemical storage customers, particularly in Gulf Coast markets.

Broad incumbents

• Magellan Midstream Partners: Magellan Midstream Partners operates a refined petroleum products pipeline system with substantial terminal assets in the Gulf Coast region. While primarily a pipeline operator, its terminal storage and throughput services overlap with ITC's value proposition for refined products customers on the Houston Ship Channel.
• Enterprise Products Partners: Enterprise Products Partners is one of the largest US midstream energy companies with extensive pipeline, terminal, and storage assets for NGLs, petrochemicals, and refined products. ITC's Pasadena terminal specifically connects to Enterprise pipeline systems, and Enterprise competes broadly for storage and logistics business across similar commodity chains.
• Targa Resources: Targa Resources is a leading US midstream energy company focused on natural gas and NGL services, with significant Gulf Coast terminal operations for LPGs, petrochemicals, and refined products. While more focused on gas processing and NGL logistics, Targa's terminal operations compete with ITC for petrochemical and gas product storage customers.
• NuStar Energy (Sunoco): NuStar Energy, now a subsidiary of Sunoco, operates an extensive network of refined petroleum and petrochemical liquid terminals across the United States, including major Gulf Coast facilities. Its terminal operations overlap with ITC's refined products and petrochemical storage services in the Houston Ship Channel market.

Others

• Gulf Oil: Gulf Oil is a downstream fuel marketer with terminal operations and supply infrastructure across the United States. While primarily a fuel retailer and wholesaler rather than an independent terminal operator, Gulf Oil's terminal assets and bulk storage capabilities are adjacent to ITC's refined products logistics services in the same regional markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/intercontinental-terminals-company-llc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercontinental Terminals Company, LLC