US biofuels marketer expands network with new terminal buy

Lincoln Terminal Co., a US-based oil and products and biofuels marketing company, has acquired a new terminal, called Eco, in Charlotte, North Carolina.

According to reports on news website TankTerminals.com, Lincoln's Charlotte terminal will have a total capacity of 130,000 bbl, and serves gasoline, ethanol and biodiesel. The terminal can also cater for different products and automated biodiesel blending.

In a statement, the company said that the terminal was complementary to Lincoln's growing south east-based terminal footprint and aligns with its biofuels marketing effort in that region.

"Eco had made improvements and maintained the terminal well during its ownership. Lincoln is completing further improvements including truck staging, enhanced loading efficiencies at the rack and additional product services," Larry Burgamy, president of Lincoln, told oil price service OPIS.

The terminal will resume operations in March following these improvements, he added.

Besides the new Charlotte terminal, Lincoln has two operational terminals in Chattanooga, Tennessee, and Fredericksburg, Virginia. It is also building a third storage and rail in Chattahoochee, west Atlanta.

The Atlanta facility will offer rail services for light oil products, butane, biodiesel and ethanol. The project is expected to begin construction promptly.