Zenith Energy has completed the acquisition of three interconnected terminals in greater Los Angeles from Plains All American Pipeline.
The terminals have an aggregate storage capacity of 8.2 million barrels and are connected to deep water docks and Line 2,000, Line 63 and the M70 pipeline systems from Northern California as well as the refining and biorefining systems in southern California.
Zenith said: “This acquisition demonstrates Zenith’s continued commitment to expanding our portfolio of high-quality, safe and reliable energy storage solutions to meet the growing need of customers in key markets across the country.”
Jeff Armstrong, president and CEO of Zenith, added: “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.”
The terminal and pipeline infrastructure comprise terminals in Los Angeles County, commonly referred to as the Long Beach, 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.
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