PAA buys Yorktown site

Plains All American Pipeline LP (PAA) has completed the previously announced acquisition of the Yorktown terminal and Jal Pipeline from Western Refining. The total value of the deal is put at some $220m. 

The Yorktown terminal in Virginia has a capacity of 6.6m bbl (1.05m m³) for crude oil, refined products and LPG and is located on a former refinery site. Over the next two years, PAA plans to disassemble and sell surplus equipment from the site and enhance the connectivity and performance of the terminal, including new biofuel handling capacity.

www.paalp.com