The terminals have a combined active storage capacity of 430,000 barrels, increasing Global’s total storage capacity to approximately 8.8 million barrels. ExxonMobil has entered into long-term throughput contracts with Global to use each of the terminals.
Eric Slifka, president and CEO of Global, said: By acquiring these assets, we have greatly expanded our share of the Metropolitan New York refined products storage market. Following our announcement earlier this week of a 474,000 barrel expansion in Providence, the addition of these Long Island terminals further enhances our leadership position in the Northeast.
The properties acquired by Global from ExxonMobil are the Inwood, New York terminal, which has active storage capacity of 326,000 barrels and is supplied by barge and the Buckeye pipeline system.
The other facility is the Glenwood Landing, New York terminal, which has active storage capacity of 104,000 barrels and is supplied by barge. Products distributed from these terminals include gasoline, ultra-low sulfur diesel and heating oil.
