This niche terminal, which is connected to Colonial Pipeline currently, supplies central Louisiana with branded gasoline, diesel, and ethanol.
Additionally, as a long-term participant in this market, Chevron has made a multi-year commitment to maintain its historic product volumes at the terminal.
The company said that this acquisition furthers the company’s geographical diversification efforts that enables it to participate in a growth market outside its existing system footprint
The company believes that this acquisition will create additional synergies between its terminalling and storage business segment and its development & logistics business segment, which currently operates or maintains approximately 2,400 miles of pipeline in the Gulf Coast region.
The terminal that would accommodate the needed supply in the Alexandria, Louisiana to Lafayette, Louisiana corridor.
