El Maniel International Inc announced the acquisition of an oil terminal in eastern Pennsylvania. The acquisition will include five acres of land, buildings, and equipment valued at more than $2 million. The facility in question has a potential capacity of 24 million gallons of petroleum products per year. The firm plans on wholesaling fuel, diesel, heating oil, and kerosene at the facility. Luzerne County has a population of more than 300,000 people.
Pennsylvania is one of the foremost states that promotes alternative energy. Incentives offered by Pennsylvania for the production of alternative fuels are being considered by EMLL management.
EMLL is planning on biodiesel production as part of its business model. EMLL is also investigating the possible future use of the facility in relation to the growing interest in Marcellus Shale natural gas exploration.
“Our long term future business plans include implementation of biodiesel production. Biodiesel as a home heating fuel is an overlooked market,” said Jamie Khoo of El Maniel Energy Ltd.