TEPPCO to build three new terminals
Jul 1, 2008 12:00 PM
TEPPCO Partners L.P. will construct three new refined product terminals along the Tennessee and Cumberland rivers that will supply markets in western Tennessee. Clarksville and Clifton TN will be home to two of the terminals, with a third facility to be located at a site yet to be determined.
Combined, the three new terminals are expected to have 800,000 barrels of storage capacity for gasoline, diesel, and biofuels, and offer improved trucking logistics with supply provided by barge transportation. The initiative is expected to cost approximately $75 million and is projected to be completed during the first quarter of 2010.
“The addition of these new terminals represents the continued successful implementation of our strategy to develop a network of refined products distribution facilities along inland waterways in the southeastern United States,” said Jerry E. Thompson, president and chief executive officer for the general partner of TEPPCO. “Beginning with the purchase of our 130,000-barrel terminal in Aberdeen MS and continuing with construction of the partnership's 500,000-barrel terminal in Boligee AL, these facilities are well positioned to better serve the local markets.”
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