Plans are under way to move a 1.5 million gallon tank farm in Nantucket, Massachusetts, US.
The tank farm is being re-located due to a re-development programme at the current site.
The Board of Selectmen has granted a five-year license extension to Harbor Fuel to store its fuel behind the Grand Union.
The shorter than usual license extension 10 years has been the standard is one prerequisite that the selectmen, the Bulk Fuel Advisory Committee and Harbor Fuel owner John Stackpole hope will prompt relocation of the tank farm a lot on Bunker Road behind the airport.
As part of this license renewal, the selectmen asked that Harbor Fuel submit to the town all future and the previous five years' maintenance reports, safety inspection reports and environmental reports for the downtown bulk fuel storage facility.
Winthrop Management, owner of the land that the tank farm sits on, would have to agree to let Harbor Fuel out of its lease early. The current lease expires in 2018.
Harbor Fuel would fund the $3 million (2.1 million) construction of the new tank farm that will have a capacity of 4 million gallons and will contain most all grades of petrol, some diesel, aviation fuel, jet fuel, home heating oil, low sulfur and ultra low sulfur diesel and propane.
This cost is significantly less than the nearly $50 million needed for the Bulk Fuel Advisory Committee's original plan to build a pipeline connecting this new tank farm to a single-point tanker mooring off the South Shore.