El Maniel buys Pennsylvania terminal
A petroleum products terminal in Luzerne County, Pennsylvania, US, has changed hands with the new owners considering future biodiesel production.
El Maniel Energy, a subsidiary of El Maniel International (EMLL), acquired the 24 million gallon terminal in eastern Pennsylvania, which includes five acres of land, buildings and equipment valued at over $2 million (€1.59 million).
The company plans for wholesaling fuel, diesel, heating oil and kerosene at the facility, and biodiesel production as part of its business model.
Incentives offered by the State of Pennsylvania for the production of alternative fuels are being considered by EMLL management.
‘Our long term future business plans include implementation of biodiesel production. Biodiesel as a home heating fuel is an overlooked market,’ Jamie Khoo of El Maniel Energy says.
El Maniel Energy, a subsidiary of El Maniel International (EMLL), acquired the 24 million gallon terminal in eastern Pennsylvania, which includes five acres of land, buildings and equipment valued at over $2 million (€1.59 million).
The company plans for wholesaling fuel, diesel, heating oil and kerosene at the facility, and biodiesel production as part of its business model.
Incentives offered by the State of Pennsylvania for the production of alternative fuels are being considered by EMLL management.
‘Our long term future business plans include implementation of biodiesel production. Biodiesel as a home heating fuel is an overlooked market,’ Jamie Khoo of El Maniel Energy says.
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