US-based terminalling firm Ergon (Ironton) has purchased a petroleum storage facility in Ironton, Ohio.
The company reportedly bought seven parcels of land in the Appalachian Basin for more than $7 million (€5.6 million), consisting of 100,000 barrels of existing storage tanks, a dock, on approximately 47 acres of property along the Ohio River. The facility is intended to improve Ergon’s ability to purchase and transfer crude oil in the Ohio River Valley region.
Ergon purchased the land, about 70 miles west of Charleston, West Virginia, from Keystone Industries. The company has had a presence in the region since 1997, when it purchased the Quaker State refinery in Newell, West Virginia.