Blackwater New Orleans, a wholly-owned entity of Blackwater Midstream, has completed the acquisition of an 855,000 barrel, 26.5 acre bulk liquid storage terminal in Westwego, Louisiana, the US.
Blackwater purchased the terminal from NuStar Terminal Operations Partnership for a purchase price of $4.8 million (3.7 million).
The facility includes a deep water marine dock, a rail system, and multiple truck loading/unloading stations.
The company has already finalised a storage lease with a chemical company that will bring in revenue.
In addition, Blackwater New Orleans is marketing the facility to numerous petroleum and chemical companies.