Southeast Products/Biofuels Marketer Buys North Carolina Terminal
02.09.2016 - NEWS

February 9, 2016 [OPIS] - Lincoln Terminal Co., a Southeast oil products and biofuels marketing and logistics company, said on Monday that it has acquired the Eco terminal (former Crown) in Charlotte, N.C., last week, expanding its terminal network to four.


Besides the new Charlotte terminal, Lincoln has two operational terminals in Chattanooga, Tenn., and Fredericksburg, Va., and it is building a third storage/rail facility in Chattahoochee, west Atlanta.

The Charlotte terminal has a total capacity of 130,000 bbl, and serves gasoline, ULSD, ethanol and biodiesel. The terminal has good tankage flexibility for different products and automated biodiesel blending will be an added service. The terminal is complementary to Lincoln’s growing Southeast terminal footprint and aligns with the company’s biofuels marketing effort in that region. Automated biodiesel blending is important to Lincoln and offers a convenient terminal solution not available in Charlotte today.

“Eco had made improvements and maintained the terminal well during its ownership. Lincoln is completing further improvements including truck staging, enhanced loading efficiencies at the rack and additional product services,” Larry Burgamy, president of Lincoln, told OPIS.

The terminal will resume operations in March following these improvements, he said.

In west Atlanta, Lincoln had acquired 45 acres in the Chattahoochee terminal community to construct a 90-car unit-train delivery facility with 24-hour unload capability.

The Atlanta facility will offer rail services for light oil products, butane, biodiesel and ethanol. The project, located on the Norfolk Southern, is expected to begin construction promptly.

Lincoln markets as well as trades biofuels across the Southeast through the company and third-party facilities. Lincoln’s products marketing is primarily through niche facilities. The company is active in the Southeast from Maryland to Georgia and Tennessee with expansion north into Ohio and Kentucky in 2016. All companies combined, the 2016 projected sales are expected to exceed $1 billion in revenue.

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More