Repauno Port & Rail Terminal Receives Approval for Phase 3 Development
Rhea-AI Summary
FTAI Infrastructure (NASDAQ: FIP) subsidiary Delaware River Partners obtained New Jersey DEP approval
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.
Positive
- 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
Negative
- No quantified construction cost or financing disclosed
- Timeline and commercial start date for caverns not provided
News Market Reaction
On the day this news was published, FIP gained 7.39%, reflecting a notable positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $49M to the company's valuation, bringing the market cap to $711M at that time.
Data tracked by StockTitan Argus on the day of publication.
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?
