Dominion Energy NC has purchased the land needed to get going on a liquified natural gas storage facility in Person County. They paid $12 million for the land needed for the 500-acre plant. The Triangle Business Journal reports 70 acres will be for the actual gas storage tank and equipment and the rest will be a buffer around the facility. The company will break ground on the liquified natural gas storage facility sometime in the first quarter of this year.

The facility will have one storage tank totaling 25 million gallons, with future expansion capabilities to build a second storage tank of the same size. The facility will receive and send natural gas via an existing Dominion gas pipeline on the proposed site.

The post NC Energy Co Secures Land for $400M Gas Storage Plant appeared first on Connect CRE.

Gillian Executive Search is a leader in Industrial Development, Financing, Design and Construction recruiting.