Asphalt sites for Blueknight

04.02.16. A Blueknight Energy Partners subsidiary has acquired two asphalt terminals from Axeon Specialty Products, located in Wilmington, North Carolina and Dumfries, Virginia, USA.
In addition, BKEP has entered into a long-term storage, throughput and handling agreement with Axeon Marketing LLC.
Axeon has been a customer of BKEP since 2009 and currently leases other BKEP-owned facilities in the region. Axeon will continue supplying various products and services to its existing customer base out of the North Carolina and Virginia facilities. The Wilmington, terminal includes 260,000 barrels of asphalt storage and 70,000 barrels of light fuel storage with water access. The Dumfries plant includes 87,000 barrels of asphalt storage and 468,000 barrels of light fuel tankage with water access and connections to Plantation Pipeline.
The transaction will be financed by borrowings under BKEP’s existing credit facility and brings BKEP’s existing asphalt and oil storage network to 45 terminals located in 23 states.