US-based Sunoco Logistics is to purchase a refined petroleum products terminal in the state of Michigan from local fuel merchant RKA Petroleum.
The terminal, which has a capacity of 350,000 shell barrels, is already connected into Sunoco Logistics existing pipeline system, and Sunoco said that the new capacity will give it additional flexibility to provide customer shipments to the Detroit metropolitan area.
No price was given for the acquisition, which Sunoco expects to finalise within 60 days.
Sunoco Logistics Partners is a master limited partnership formed to acquire, own and operate crude oil and refined petroleum product pipelines and terminal facilities. The terminal facilities consist of about 9.7 million shell barrels of refined products capacity and 21.2 million shell barrels of crude oil capacity (including approximately 17.8 million shell barrels of capacity at the Texas Gulf Coast Nederland Terminal).
Sunocos portfolio of refined products includes petrol, ultra-low-sulphur diesel fuel, heating oil, kerosene, jet fuel and other products.