Genesis Energy to expand rail terminal in Natchez, Mississippi Genesis Energy announced it will expand its existing rail terminal in Natchez, Mississippi designed to handle straight and/or minimally diluted bitumen delivered by the Canadian National Railway and construct a new unit train loading facility in the heart of the Powder River Basin of the Niobrara Shale Play. At the Natchez terminal, Genesis is finalizing Phase I of the facility which includes 40 railcar spots to be completed in June. Due to significant demand for the flexible capacity at the facility, Genesis is moving forward with a Phase II expansion to provide an additional 60 railcar spots and additional heated tanks to be fully operational in late 2013. locations. The total cost to Genesis of the Natchez Phase II and Pronghorn Rail Facility projects is expected to be approximately $75M. Genesis intends to finance the projects with funds available under its committed revolving credit facility.
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