US midstream company Zenith Energy has completed the acquisition of three interconnected terminals in Los Angeles County, US, from Plains All American Pipeline.
Zenith has bought the Long Beach, Dominguez Hills and Alamitos Terminals and the 50 mile (80 km) long bidirectional pipeline that connects the three terminals to each other and to the major refineries in the region. The total storage capacity of the terminals is 8.2 million bbl. They are connected to deepwater docks, and the Line 2000, Line 63 and the M70 pipeline systems from northern California, as well as the refining and biorefining systems in southern California.
Zenith says that the acquisition demonstrates its ‘continued commitment to expanding its portfolio of high-quality, safe and reliable energy storage solutions’ to meet its customers needs. The acquisition will improve connectivity throughout the west coast of the US.
‘Zenith is excited to be entering the Los Angeles market with these strategic assets, which can efficiently supply California’s current energy needs with great flexibility to play a part in the future low-carbon energy landscape,’ says Jeff Armstrong, president and CEO of Zenith, adding: ‘The Los Angeles Terminals and related infrastructure are both beneficial for customers and strategically important for our business.’