Repauno Port & Rail Terminal Receives Approval for Phase 3 Development
FTAI Infrastructure (NASDAQ: FIP) subsidiary Delaware River Partners obtained New Jersey DEP approval (Oct 20, 2025) to construct two underground granite caverns at Repauno Port and Rail Terminal for liquefied petroleum gas storage, each with capacity of over 600,000 barrels.
Repauno already has a 180,000-barrel cavern, ship loading, and a rail transloading system. The new caverns will sit >700 feet below ground and are presented as critical regional import/export storage capacity, supporting domestic and international supply chains. DRP estimates construction will create > 500 local union jobs and deliver economic benefits to nearby communities.
FTAI Infrastructure (NASDAQ: FIP) filiale Delaware River Partners ha ottenuto l'approvazione del Dipartimento dell'Ambiente del New Jersey (20 ottobre 2025) per la costruzione di due cavità sotterranee di granito al Porto e Terminal Ferroviario di Repauno per lo stoccaggio di gas di petrolio liquefatti, ciascuna con una capacità superiore a 600.000 barili.
Repauno dispone già di una cavità da 180.000 barili, carico delle navi e di un sistema di trasbordo ferroviario. Le nuove cavità si troveranno a oltre 700 piedi sotto terra e vengono presentate come capacità di stoccaggio critiche regionali per import/export, a supporto delle supply chain nazionali e internazionali. DRP stima che la costruzione creerà oltre 500 posti di lavoro sindacali locali e porterà benefici economici alle comunità vicine.
FTAI Infrastructure (NASDAQ: FIP) filial Delaware River Partners obtuvo la aprobación del Departamento de Protección Ambiental de New Jersey (20 de octubre de 2025) para la construcción de dos cavernas de granito subterráneas en el Puerto y Terminal Ferroviaria de Repauno para el almacenamiento de gas licuado de petróleo, cada una con capacidad de más de 600,000 barriles.
Repauno ya cuenta con una caverna de 180,000 barriles, carga de buques y un sistema de trasbordo ferroviario. Las nuevas cavernas estarán a más de 700 pies bajo tierra y se presentan como una capacidad de almacenamiento regional crítica para importación/exportación, apoyando las cadenas de suministro nacionales e internacionales. DRP estima que la construcción creará más de 500 empleos sindicalizados locales y traerá beneficios económicos a las comunidades cercanas.
FTAI Infrastructure (NASDAQ: FIP)의 자회사인 Delaware River Partners는 Repauno 항구 및 레일 터미널에서 액화석유가스(LPG) 저장을 위한 두 개의 지하 결정질 동굴을 건설하기 위한 뉴저지 주 환경부의 승인을 얻었습니다(2025년 10월 20일). 각 동굴의 용량은 60만 배럴 이상입니다.
Repauno에는 이미 18만 배럴의 동굴, 선박 상하역 시스템, 철도 환적 시스템이 있습니다. 신규 동굴은 지상으로부터 700피트 이상 아래에 위치하며, 지역적 수입/수출 저장 용량으로서 국내외 공급망을 지원하도록 제시됩니다. DRP는 건설이 지역 노조 중심의 50여 개 고용을 창출하고 인근 지역사회에 경제적 혜택을 가져올 것으로 추정합니다.
FTAI Infrastructure (NASDAQ: FIP), filiale de Delaware River Partners, a obtenu l'approbation du Département de l'Environnement du New Jersey (20 octobre 2025) pour la construction de deux cavernes souterraines en granit au port et terminal ferroviaire de Repauno pour le stockage de gaz de pétrole liquéfié, chacune d'une capacité de plus de 600 000 barils.
Repauno dispose déjà d'une caverne de 180 000 barils, d'un chargement de navires et d'un système de transbordement ferroviaire. Les nouvelles cavernes seront situées à plus de 700 pieds sous terre et sont présentées comme une capacité de stockage régionale critique pour les importations/exportations, soutenant les chaînes d'approvisionnement nationales et internationales. DRP estime que la construction créera plus de 500 emplois syndicaux locaux et apportera des avantages économiques aux communautés voisines.
FTAI Infrastructure (NASDAQ: FIP) Tochtergesellschaft Delaware River Partners erhielt die Genehmigung des New Jersey DEP (20. Oktober 2025) zum Bau von zwei unterirdischen Granitkavernen am Repauno Hafen- und Eisenbahnkterminal für die Lagerung von verflüssigtem Erdgas, wobei jede eine Kapazität von über 600.000 Barrel hat.
Repauno verfügt bereits über eine 180.000-Barrel Kavernen, Schiffsladung und ein Bahnverladungs-System. Die neuen Kavernen werden über 700 Fuß unter der Erde liegen und als kritische regionale Import-/Export-Lagerkapazität präsentiert, die heimische und internationale Lieferketten unterstützt. DRP schätzt, dass der Bau > 500 lokale Gewerkschaftsjobs schaffen und den nahegelegenen Gemeinden wirtschaftliche Vorteile bringen wird.
FTAI Infrastructure (NASDAQ: FIP) شركة تابعة لـ Delaware River Partners حصلت على موافقة ادارة حماية البيئة في نيو جيرسي (20 أكتوبر 2025) لبناء حُفيرتين صخريتين غرانيتيتين تحت الأرض في ميناء ريبانو ومرفأ السكك الحديدية لتخزين الغاز النفطي المسال، كل منهما بسعة تزيد عن 600,000 برميل.
يمتلك ريبانو بالفعل حُفرة بسعة 180,000 برميل، وتحميل السفن ونظام تحويل البضائع عبر السكك الحديدية. ستقع الحُفيرات الجديدة على عمق أكثر من 700 قدم تحت الأرض وتُعرض كقدرة تخزين استيراد/تصدير إقليمية حاسمة، تدعم سلاسل الإمداد المحلية والدولية. تقدر DRP أن يخلق البناء أكثر من أكثر من 500 وظيفة نقابية محلية ويجلب منافع اقتصادية للمجتمعات القريبة.
FTAI Infrastructure (NASDAQ: FIP) 的子公司 Delaware River Partners 获得新泽西州环境部批准（2025年10月20日）在 Repauno 海港与铁路终端建造两座地下花岗岩洞穴，用于液化石油气储存，每座容量超过 60万桶。
Repauno 已经拥有一座 18万桶 的洞穴、船舶装卸以及铁路转运系统。新洞穴将位于地下超过 700 英尺处，被视为关键的区域性进出口储存能力，以支持国内外供应链。DRP 估算建筑将创造超过 500 个本地工会职位，并为周边社区带来经济利益。
- Two new caverns with >600,000 barrels capacity each
- Existing underground cavern of 180,000 barrels
- Storage depth exceeding 700 feet below ground
- Rail and ship transloading connectivity already in place
- Estimated creation of over 500 local union jobs
- No quantified construction cost or financing disclosed
- Timeline and commercial start date for caverns not provided
Insights
Approval enables large underground LPG storage expansion at Repauno, adding capacity, jobs and export/import connectivity to the Delaware River hub.
The project builds two new underground granite caverns each holding over 600,000 barrels, joining an existing 180,000-barrel cavern and on-site ship loading plus a rail transloading system. This combination increases bulk liquid storage scale and preserves direct rail-to-vessel logistics, supporting both domestic distribution and international shipments.
Dependencies and risks include required construction execution, permitting compliance and safe operation of deep caverns 700 feet below ground. The announcement cites an estimate of over 500 local union construction jobs and local economic contributions; monitor construction milestones and any additional regulatory conditions through
NEW YORK, Oct. 20, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ: FIP) (the “Company” or “FTAI Infrastructure”) today announced that its subsidiary, Delaware River Partners LLC (“DRP”), has obtained approval for the construction of an underground cavern system, enabling a key expansion project along the Delaware River in Gloucester County, New Jersey.
DRP’s Repauno Port and Rail Terminal (“Repauno”) has received approval from the New Jersey Department of Environmental Protection to construct two underground granite caverns for the storage of liquefied petroleum gas products (“LPGs”), with capacity to hold over 600,000 barrels each. Repauno has an existing underground granite cavern capable of storing 180,000 barrels, complemented by ship loading capabilities and bolstered by a state-of-the art rail transloading system allowing for direct connectivity of products between its rail and vessel operations.
The underground storage caverns will safely hold energy sources more than 700-feet below ground, strategically positioning Repauno as a world-class energy hub for bulk liquid storage and establishing the region as a local and international supply point and major contributor to the international energy economy.
Against the current backdrop of limited regional import and export capacity, the underground caverns are critical in meeting safe, reliable energy storage needs, at scale. Through leveraging onsite infrastructure and storage capabilities, Repauno can play a key role in furthering American energy independence and achieving long-term U.S. energy goals.
This investment is expected to deliver substantial economic benefits to nearby communities. DRP estimates that construction of the caverns will create over 500 local, well-paying union jobs, will contribute to local commerce and continue the important work of revitalizing the Delaware River industrial waterfront.
“We are very excited to embark on this next phase of growth at Repauno,” said Hank Alexander, CEO of DRP. “We’ve developed a scalable expansion project that will afford our customers efficient access to domestic and international markets, providing a pathway for valuable liquids production and anchoring additional job creation in southern New Jersey.”
About FTAI Infrastructure Inc.
FTAI Infrastructure primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.fipinc.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
For further information, please contact:
Alan Andreini
Investor Relations
FTAI Infrastructure Inc.
(646) 734-9414
aandreini@ftaiaviation.com
FAQ
What did FIP announce on October 20, 2025 about Repauno?
How much storage capacity will Repauno have after the new caverns?
What is the projected job impact from the Repauno Phase 3 project (FIP)?
How deep will the new Repauno storage caverns be (FIP)?
Will Repauno connect the caverns to rail and shipping for FIP customers?
Does the FIP release disclose project cost or commercial start date?
