Chevron sells NJ terminal to Buckeye

Buckeye Partners has completed the acquisition of a petroleum terminal in Perth Amboy, New Jersey from Chevron USA. The facility has more than 4m bbl of storage capacity and Buckeye says there is room for expansion. It has four docks on the Arthur Kill together with pipeline, rail and truck access. It is only 6 miles (10 km) from Buckeye’s existing Linden terminal.

“We are excited to bring this strategic facility into Buckeye’s portfolio of assets,” says Clark C Smith, Buckeye’s president and CEO. “We expect its integration into our network to proceed quickly and smoothly and we intend to initiate our planned commercialisation activities immediately. The Perth Amboy terminal should provide Buckeye with security and diversity of product supply by directly linking our domestic pipeline and terminal network to an owned and operated marine facility through a new 16-inch pipeline to be built to our Linden complex. This will provide Buckeye with direct access to international and U.S. Gulf Coast petroleum products imports. The facility also can serve as a link between our domestic assets and our BORCO facility in The Bahamas.”

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