Zenith Energy (Zenith) has completed the acquisition of three interconnected terminals in greater Los Angeles, US, (the Los Angeles terminals) from Plains All American Pipeline (Plains). This acquisition demonstrates Zenith's continued commitment to producing safe and reliable energy storage solutions to meet the growing needs of key markets across the country.
“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,” said Jeff Armstrong, President and Chief Executive Officer of Zenith.
The terminal and pipeline infrastructure comprise terminals in Los Angeles County, Dominguez Hills and Alamitos Terminals, in addition to approximately 50 miles of bi-directional pipeline providing interconnection between the terminals as well as direct connectivity to all major refineries in the region.
“The Los Angeles terminals and related infrastructure are both beneficial for customers and strategically important for our business," said Armstrong. "We look forward to bringing to bear our core values, including safety first and environmental protection among many others, through our expanded footprint to continue to deliver high-quality service. We are also excited to welcome new employees to the Zenith family as we swiftly transition operation of the terminals.”
The terminals have an aggregate storage capacity of 8.2 million bbl and are connected to deep water docks and Line 2000, Line 63 and the M70 pipeline systems from Northern California, as well as the refining and bio-refining systems in southern California.
Read the article online at: https://www.tanksterminals.com/terminals/20102020/zenith-energy-acquires-three-interconnected-terminals-from-plains-all-american-pipeline/
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