Zenith Energy has entered into a strategic alliance with Waypoint Solutions as part of its plan to identify projects for chemical and petrochemical storage, particularly in North America.
The agreement sets out that the parties will collaborate on the development of physical storage and logistics solutions for the petrochemical industry and related markets, which includes terminal, marine, pipeline, rail and truck distribution.
Jeff Armstrong, president and chief executive of Zenith, says: 'This alliance is consistent with our strategy of providing storage solutions to meet the dynamic needs of customers given the future growth of processing and evolving chemical supply chains.'
'This partnership is a natural extension of our business and will allow us to pursue opportunities to service new and existing customers with chemicals storage needs by combining our experience with a proven leader in the field,' says Jay Reynolds, CCO of Zenith.
David Ellis, founder and MD of Waypoint adds: 'This strategic alliance between Waypoint and Zenith is a remarkable opportunity for us to increase the span of Zenith's strategic vision and explore new opportunities in this area of the midstream market.
'Given the positive market development in the North American petrochemical space, we see opportunities to deploy capital and create compelling, customer focused supply chain solutions.'
Expanding Oiltanking's footprint in North AmericaThe Trump effect Who's steering the ship? Expanding into new storage opportunities Unleashing America's energy Resurgent petroleum industry driving storage requirements Finite element analysis in cryogenic and refrigerated tank storage design Optimising tank terminal operations: from insight to digitalisation How to avoid building a new 10-year-old terminal Plastic tanks: Farewell to 'fit and forget'