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Terminal News

SemGroup completes sale of UK storage business to Valero

SemGroup completes sale of UK storage business to Valero
SemGroup has completed the sale of its UK petroleum storage business to Valero Logistics UK.

SemGroup intends to use the processes from the sale of its SemLogistics business unit towards its capital raise plan and to pre-fund capital growth projects.

'The sale of our UK petroleum storage facility is an important achievement in our strategy to simplify our portfolio and focus on the North American growth areas we have identified along the Gulf Coast, Mid-Continent and Canada,' says SemGroup president and CEO Carlin Conner.



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