Published On: Sat, Oct 17th, 2020

Zenith Energy acquires three US West Coast terminals from Plains All

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U.S. said that it has acquired the Long Beach, Dominguez Hills, and Alamitos Terminals – three interconnected terminals located in greater , from Plains All American Pipeline.

The financial terms of the deal were not disclosed.

Zenith , which is a Houston-based midstream asset company, said that the acquisition shows its commitment to grow its portfolio of high-quality, safe, and reliable energy storage solutions to address the increasing requirement of customers in important markets across the US.

Jeff Armstrong – President and CEO of Zenith Energy said: “Zenith is excited to be entering the Los Angeles market with these strategic assets, which can efficiently supply California’s current energy needs with great flexibility to play a part in the future low-carbon energy landscape.”

The deal also includes nearly 50 miles of bi-directional pipeline that serves as an interconnection between the terminals and also as direct connectivity to all important refineries in the region.

Armstrong also added “We look forward to bringing to bear our core values, including safety first and environmental protection among many others, through our expanded footprint to continue to deliver high-quality service. We are also excited to welcome new employees to the Zenith family as we swiftly transition operation of the Terminals.”

Jeff Armstrong said that the acquired terminals have a combined storage capacity of 8.2 million barrels. The terminals are linked to deep water docks and Line 2000, Line 63, and the M70 pipeline systems from Northern California, and also to the refining and biorefining systems across southern California.

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