US midstream company Zenith Energy Terminals Holdings has completed its purchase of three storage terminals in the US from Guttman Realty.
The three terminals, in Aurora, Ohio, Belle Vernon, Pennsylvania and Star City, West Virginia, have a total storage capacity of 560,000 bbl. Zenith says that acquiring the terminals demonstrates its ‘continued commitment to strengthening its infrastructure in the Midwest and Marcellus and Utica Shale regions and supporting customers with both conventional and alternative fuel storage needs.’
US fuels distributor Guttman Energy, a separate entity to Guttman Realty, has now signed a terminalling services agreement with Zenith, allowing the distributor to expand its wholesale and commercial fuel distribution business in its mid-Atlantic and East Coast marketing area in the US.
‘This acquisition further develops our existing network of terminals in key US markets and enables us to promote growth in alternative fuels, addressing two of Zenith’s strategic priorities. We are excited about expanding our relationship with Guttman Energy, one of our key customers. We look forward to implementing our approach to safety and environmental stewardship at our new terminals and leveraging the new storage capacity to support customers with renewable diesel, biofuel and ethanol storage needs. Further to that effort, we are thrilled to work with our new team members to provide the highest quality of service to our customers in the region,’ says Zenith president and CEO Jeff Armstrong.