In the US, independent bulk liquid terminal operator Arc Terminals has completed the acquisition of a 50% ownership interest in a refined petroleum product terminal located in Baltimore, Maryland from Motiva Enterprises.
The Baltimore Terminal contains approximately 900,000 barrels of storage and handles light petroleum products including petrol, ethanol and distillates. Its modes of transportation include pipeline, rail, marine and truck.
With the Baltimore Terminal acquisition, Arc Terminals now has nine terminals located in seven states and a combined tank capacity of 2.1 million barrels.
Arc Terminals funded the transaction through a capital investment from Lightfoot Capital Partners.