Mon 20 Jun 2011, 16:56 GMT

Mobile terminal to be completed in July


Additional 770,000 barrels of storage capacity is expected to be ready by next month.



Terminal operator Arc Terminals LP is to fully commission its 850,000-barrel capacity Blakeley terminal in Mobile, Alabama, on July 1st, the company's president John Blanchard told OPIS.

Currently around 80,000 barrels of the terminal's capacity is operational with the remaining 770,000 barrels expected to be ready by next month.

The Mobile terminal will store fuel oil, bunker fuel, asphalt and crude and will have both truck and marine access. Dirty products are expected to be sourced from the Gulf Coast.

The capacity of the Mobile terminal has not been entirely leased and Arc Terminals is understood to be in discussions with third parties regarding the space that remains available.

Arc Terminals LP completed the acquisition of its two Gulf Coast terminals - Chicksaw and Blakeley - in May 2010 via a transaction which was funded by a capital investment from parent company and 100 percent owner Lightfoot Capital Partners, LP. The Chickasaw terminal has a 650,000-barrel capacity and the two terminals have a combined storage capacity of 1.5 million barrels.

With the acquisition of the Chickasaw and Blakely Terminals, Arc Terminals increased its ownership to ten terminals located in eight US states - including North and South Carolinas, Ohio, Alabama, Virginia, Wisconsin, Illinois and Maryland - and a combined storage capacity of 3.6 million barrels.

Arc is also continuing to pursue other acquisition opportunities in order to broaden its network of terminal assets, Blanchard said.


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