Global Partners to increase storage for refined fuels, biofuels
Nov 19, 2007 11:02 AM
Global Partners LP, Waltham MA, plans to increase its refined products and biofuels storage capacity in Providence RI by 474,000 barrels.
The partnership has entered into agreements with New England Petroleum Terminal LLC at a deepwater marine terminal located at the Port of Providence. Globalís Providence terminal is slated to open for business in December 2007 and will provide the partnership with approximately 244,000 barrels of dedicated storage for distillates and biofuels. In addition, Global is building approximately 230,000 barrels of dedicated storage for residual fuels, which are scheduled to be available in the first half of 2008.
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