Murex NA Ltd, Cetane Energy LLC announce unit train, storage tank, throughput agreement
Jun 26, 2012 3:41 PM
Murex NA Ltd and Cetane Energy LLC announced a new crude oil railcar loading agreement in New Mexico. The companies will expand the existing Cetane facility in Carlsbad NM to add a crude oil storage tank and a 110-railcar unit train transloading facility for crude oil. The agreement provides Murex with exclusive rights to Cetane's unit and manifest facilities.
"We are pleased to be a partner with Cetane and to be involved with the expansion of their Carlsbad facility,” says Robert Wright, president of Murex. “The new storage capacity and unit train transloading facility will be an integral part of our crude oil strategy in the future. This facility is ideally located, and provides us with another effective way to get our products to market,"
Richard Aves, CEO of Cetane, adds "Cetane is pleased to provide 900 acres of rail and tank farms to Murex for unit train and manifest cars. Cetane and Murex have a good working relationship with manifest cars and we are excited about the addition of unit trains.”
Murex, headquartered in Addison TX, markets and distributes crude oil, ethanol, and other gasoline blendstocks to major oil companies and regional refiners. Cetane Energy, located in Carlsbad, is dedicated to producing renewable energy solutions, limiting US dependency on foreign oil, and creating an economy that can sustain its own energy needs.
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