Kaneb subsidiary acquires Scotland storage terminal
Oct 1, 2004 12:01 PM
An operating subsidiary of Kaneb Pipe Line Partnership LP, Dallas TX, has acquired 100 percent of the shares in Ross Chemical & Storage Company Ltd. The assets of Ross consist of a chemical and petroleum storage terminal at Grangemouth in Scotland, which provides storage and terminal services for various petroleum and chemical customers. The terminal will complement Kaneb's existing Scottish terminals in Leith and Clydebank. This latest acquisition consists of 44 storage tanks with a combined capacity of almost 400,000 barrels. Transportation modes available to the terminal include marine vessels, pipelines, and trucks.
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