Storage terminal firm
Arc Terminals LP (Arc) and
Gulf Coast Asphalt Company, L.L.C. (GCAC) have reached an agreement for Arc to acquire GCAC's marine terminalling facility in
Mobile, Alabama and rail transloading facility in Saraland, Alabama.
The Mobile Terminal is a 1.2 million barrel facility that handles heavy fuel oil, asphalt, crude oil and methanol for third party customers. The facility is marine, rail and truck capable. The site includes approximately 30 acres of vacant land, which will be designated for incremental growth.
The Saraland Rail Transloading facility transfers heavy crude oil and specialty products from railcars to Arc’s Mobile area terminals via trucks. Products can then be stored, blended, and delivered into marine vessels. The Saraland Rail Transloading site is currently being expanded to meet growing customer demand.
The acquisition will increase Arc’s presence in the Mobile, Alabama area and expand its capacity to over 2.5 million barrels of storage and three rail (un)loading operations. GCAC will remain as a customer under a long-term contract at the Mobile Terminal to facilitate its heavy oils marketing and trading operations, which GCAC retained and will continue to operate independently.
Arc and GCAC said they will continue to jointly pursue the Canadian National Railway Company direct crude rail project in the Mobile area. This rail terminal will initially focus on unloading heavy crude oil from Western Canada and light crude oil from the Bakken basin via the Canadian National Railway Company.
The facility will provide “rail to deep water” manifest and unit train unloading capabilities and will be a solution for the delivery of Canadian crude oil to the Gulf Coast.
