Zenith Energy Acquires Hamburg Terminaling Assets from Shell

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Zenith Energy Acquires Hamburg Terminaling Assets from Shell

Acquisition Expands International Footprint with Third Terminal in Major European Port

Houston, Texas – January 8, 2018 – Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Hamburg, Germany from Royal Dutch Shell plc (“Shell”). The transaction is expected to close in the first half of 2018. Terms of the transaction were not disclosed.

The terminal assets are located in the Port of Hamburg, Germany’s largest seaport and the third largest container port in Europe. The facility, located on 55 hectares, serves as a refined product import and blending terminal in North Germany with an expected storage capacity of over 480 thousand cubic meters / 3.0 million barrels for gasoline, diesel and jet fuel; inbound and outbound ocean vessel, barge, rail and truck; and pipeline connectivity in the Port of Hamburg. After transferring ownership to Zenith, Shell will remain a significant customer of the terminal.

“We are pleased to further Zenith’s geographic expansion with the acquisition of these terminalling assets strategically located in the Port of Hamburg, one of the world’s largest trading ports and a key terminaling center for crude and refined products in Europe,” said Jeffrey R. Armstrong, Chief Executive Officer of Zenith. “This is a natural progression in our growth strategy and underscores our commitment to expand into key European markets.We are excited to be working with Shell, a leader in the global oil and gas industry, and all of our customers in Hamburg, as well as welcoming our new colleagues in the region and further investing in the terminal facility.”

The acquisition of the Hamburg assets represents Zenith’s third terminal in Europe following its acquisition of terminaling assets in Amsterdam from BP in April 2016 and its acquisition of the Bantry Bay terminal in West Cork, Ireland from Phillips 66 in February 2015. Zenith also operates a multi-product liquids terminal in Palermo, Columbia, formed through a joint venture with Grupo Coremar in 2014. In December 2017, Zenith Energy U.S. completed its acquisition of Arc Logistics, marking Zenith’s entrance into the U.S. market.

About Zenith Energy
With headquarters in Houston, Zenith is an international liquids and bulk terminaling company that owns and operates over 16 million barrels of crude oil, petroleum products and vegetable oils storage in The Netherlands, Ireland and Colombia. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, North America and Europe. The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals, and expect to acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million. For more information, please visit www.zenithem.com.

Contact:
Zenith Energy
Jay Reynolds
Jay.Reynolds@zenithem.com
(713) 395-6206

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Zenith Energy U.S. Completes Acquisition of Arc Logistics Partners

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Zenith Energy U.S. Completes Acquisition of Arc Logistics Partners

Arc Logistics Partners becomes wholly owned subsidiary of Zenith U.S.

Zenith Energy U.S. backed by line of equity of up to $625 million led by Warburg Pincus and Kelso


HOUSTON and NEW YORK – December 21, 2017 – Zenith Energy U.S., L.P. (“Zenith”) today announced the completion of the previously-announced acquisition of Arc Logistics Partners LP (“Arc Logistics”) and its general partner, Arc Logistics LLC. Zenith is a U.S. midstream terminal company formed by the management and certain owners of Zenith Energy, L.P. (“Zenith International”). As a result of the transaction, Arc Logistics is now a wholly owned subsidiary of Zenith and Zenith U.S. GP, LLC (together, “Zenith U.S.”).

Zenith U.S. has received a line of equity of up to $625 million led by Warburg Pincus and Kelso, alongside management and other investors. A portion of the line of equity is being used to finance the acquisition of Arc Logistics.

“We are very pleased to have successfully completed the acquisition of Arc Logistics, which gives us a strong foothold into the U.S. terminaling market with 21 terminals in 12 states, providing critical services to a broad range of customers in key markets across the country,” said Jeff Armstrong, Chief Executive Officer of Zenith. “We look forward to welcoming the employees of Arc to Zenith U.S. and benefitting from our shared industry expertise, best-in-class services and a global footprint to serve our combined customer base. We are also pleased to continue our partnership with Warburg Pincus and welcome Kelso as a new partner in this venture.”

Moving forward, Zenith U.S. intends to further develop Arc’s existing terminals and focus on new developments throughout North America. Zenith International will continue to pursue further expansion opportunities in key international markets. Zenith International currently owns and operates terminaling assets in Amsterdam, the Netherlands, and the Bantry Bay terminal in West Cork, Ireland, as well as a multi-product liquids terminal in Palermo, Columbia, formed through a joint venture with Grupo Coremar in 2014.

Barclays and Credit Suisse acted as financial advisors to Zenith U.S. and Barclays, Credit Suisse and HSBC provided committed financing for the transaction. Kirkland & Ellis LLP acted as legal advisor to Zenith U.S.

About Zenith International and Zenith U.S.
Zenith International is a midstream company that owns and operates over 16 million barrels of crude oil and petroleum products storage in Amsterdam, Colombia, and Ireland. Zenith International is pursuing opportunities to buy, build and operate terminals primarily in Latin America and Europe. Zenith U.S. focuses on opportunities to buy, build and operate terminals in North America. Zenith International and Zenith U.S. share a common management and headquarters in Houston, and are independently operated by country and continent managers. The Companies are focused on the storage and distribution of petroleum, refined products, natural gas liquids and petrochemicals, and expect to acquire and operate logistics and distribution assets that support terminals, such as pipelines, trucks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith International of up to $600 million. For more information, please visit www.zenithem.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 150 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 17 private equity funds which have invested more than $60 billion in over 800 companies in more than 40 countries.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information, please visit www.warburgpincus.com.

About Kelso
Kelso has been investing in private equity for over 35 years. Kelso’s industry-leading alignment of interest and partnership approach date back to its founder, Louis Kelso, who is commonly referred to as the inventor of the Employee Stock Ownership Plan (or ESOP). Kelso benefits from a successful investment track record, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Since 1980, Kelso has raised a total of nine private equity funds, representing approximately $12 billion of capital, and has made more than 120 investments. For more information about Kelso, please visit the firm’s website at www.kelso.com.

Contact
Zenith Energy
Jay Reynolds
Jay.Reynolds@zenithem.com
(713) 395-6206

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Zenith Energy U.S. To Acquire Arc Logistics Partners

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Zenith Energy U.S. To Acquire Arc Logistics Partners

Combination creates a leading terminaling business with over 22 million barrels of crude oil, petroleum products and other liquids storage

Brings together diversified portfolio of complementary energy logistics assets and strong domestic and international footprint

HOUSTON and NEW YORK – August 29, 2017 – Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that its management and Warburg Pincus have formed Zenith Energy U.S., L.P. and its general partner, Zenith Energy U.S. GP, LLC (together, “Zenith U.S.”), which have entered into a definitive agreement to acquire Arc Logistics Partners LP (“Arc Logistics”) and its general partner, Arc Logistics GP LLC. Under the terms of the Purchase Agreement and Plan of Merger (“Merger Agreement”), Zenith U.S. will acquire, pursuant to a merger, all of Arc Logistics’ outstanding public common units, all of the common units owned by Lightfoot Capital Partners, LP and certain private interests owned by the sponsors of Arc Logistics. As a result of the transaction, Arc Logistics will become a wholly owned subsidiary of Zenith U.S.

Zenith U.S. will acquire the public common units of Arc Logistics in cash for $16.50 per common unit, which represents a premium of 15.2% to the closing unit price on August 28, 2017. The closing of the transaction is expected to occur in the fourth quarter of 2017 or early in the first quarter of 2018 and is subject to customary closing conditions, including receipt of regulatory approvals and approval by the holders of a majority of the common units of Arc Logistics. Affiliates of Lightfoot Capital Partners, LP and Lightfoot Capital Partners GP LLC have agreed to support and vote in favor of the transaction. The Merger Agreement and the transactions contemplated thereby have been approved by the boards of directors of both Zenith U.S. and Arc Logistics and by the conflicts committee of the board of directors of Arc Logistics.

“We are very excited to build a platform enabling us to enter the U.S. terminaling market, and very pleased to combine with Arc Logistics in this transformative transaction that will significantly increase the Zenith group of companies’ footprint, expanding our scope of services to our combined customers worldwide,” said Jeff Armstrong, President and Chief Executive Officer of the Zenith businesses. “Arc Logistics’ diversified portfolio of logistics assets serves critical links between supply and demand locations in the U.S., and we intend to further develop their existing terminals as well as pursue new developments throughout North America. Together we look forward to developing a world-class midstream asset operator with long-term growth opportunities.”

Kirkland & Ellis LLP are acting as legal advisors to Zenith U.S. Barclays and Credit Suisse are acting as financial advisors to Zenith U.S. and are providing committed financing for the transaction.

About Zenith and Zenith U.S.
With headquarters in Houston, Zenith is an international liquids and bulk terminaling company that owns and operates over 15 million barrels of crude oil and petroleum products storage in Amsterdam, Ireland and Colombia. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America and Europe. Zenith U.S. will share the headquarters of Zenith and focus on the integration of Arc Logistics and other opportunities to buy, build and operate terminals in North America. The Companies are focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals, and expect to acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million. Warburg Pincus is the lead investor in Zenith U.S. to support this acquisition and further expansion in North America . For more information, please visit www.zenithem.com.

Contact:

Zenith Energy
Jay Reynolds
Jay.Reynolds@zenithem.com
(713) 395-6206

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Zenith Energy Announces Palm Oil Lease Storage and Tank Construction Agreement with Cargill

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Zenith Energy Announces Palm Oil Lease Storage and Tank Construction Agreement with Cargill

Houston, Texas – March 22, 2017 – Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has entered into an agreement with Cargill, one of the world’s largest food and agriculture companies, for the storage and handling of palm oil in Zenith’s Palermo Tanks Terminal located in the port of Barranquilla, Colombia.  The construction commenced on February 1, 2017.  Terms of the transaction were not disclosed. 

As part of this long-term agreement, Zenith will build 19 k cbm of storage capacity in four dedicated tanks for Cargill’s palm oil operation.  The project contemplates the construction of a new dyke, tanks with heating system, a dedicated dock line, dedicated truck loading and unloading positions with capabilities to import and export products. 

“We are pleased to form this agreement with Cargill, one of the leading global producers and traders of agricultural products,” said Jeff Armstrong, President and Chief Executive Officer of Zenith.  “Colombia remains an important and fast growing producer of sustainable palm oil worldwide, and this agreement is an important step forward for our Palermo Tanks facility in Barranquilla.  We are excited to work with Cargill and look forward to advancing our partnership in the region.”

Palermo Tanks is a joint venture between Coremar Group and Zenith and became operational in 2016.  The state-of-the-art, public access liquids terminal was built to the highest technical, operating and safety standards for importing and exporting petroleum, chemicals and vegetable oils.  Palermo Tanks Terminal is located on a 170 hectare industrial park with an initial liquids storage capacity of 58,000 cbm with plans to eventually exceed 400,000 cbm.

About Zenith Energy

With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company that owns and operates over 15 million barrels of crude oil and petroleum products storage in Amsterdam, Ireland and Colombia.  Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa.  The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges.  In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.  For more information, please visit www.zenithem.com.

Media Contacts

Jay Reynolds
Jay.Reynolds@zenithem.com 
+1 713 395 6206

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Zenith Energy Announces Strategic Alliance with Waypoint Solutions

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Zenith Energy Announces Strategic Alliance with Waypoint Solutions

Houston, Texas – March 14, 2017 – Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has entered into a strategic alliance with Waypoint Solutions, LLC (“Waypoint”), a consulting firm focused on terminal storage and petroleum tanking solutions, to identify and develop projects for chemical and petrochemical storage. Terms of the transaction were not disclosed.

The agreement provides for the parties to collaborate on the development of physical storage and logistics solutions for the petrochemical industry and related markets. This includes terminal, marine, pipeline, rail and truck distribution with a primary focus on the North American market.

“We are pleased to form this strategic relationship with Waypoint and we look forward to collaborating with Dave Ellis, a recognized midstream industry leader,” said Jeff Armstrong, President and Chief Executive of Zenith. “This alliance is consistent with our strategy of providing storage solutions to meet the dynamic needs of customers given the future growth of processing and evolving chemical supply chains.”

“This partnership is a natural extension of our business and will allow us to pursue opportunities to service new and existing customers with chemicals storage needs by combining our experience with a proven leader in the field,” said Jay Reynolds, Chief Commercial Officer of Zenith.

“Having known Jeff and his team for some time, this strategic alliance between Waypoint and Zenith is a remarkable opportunity for us to increase the span of Zenith's strategic vision and explore new opportunities in this area of the midstream market,” said David Ellis, Founder and Managing Director of Waypoint. “Given the positive market developments in the North American petrochemical space, we see opportunities to deploy capital and create compelling, customer focused supply chain solutions.”

About Zenith Energy
With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company that owns and operates over 15 million barrels of crude oil and petroleum products storage in Amsterdam, Ireland and Colombia. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa. The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million. For more information, please visit www.zenithem.com.

About Waypoint Solutions
Waypoint Solutions LLC is a consulting firm based in Houston, Texas that was established in 2016 by David Ellis, who brings over thirty years of experience in the petroleum, petrochemical, tanker, terminal and consulting industries. The firm specializes in providing information and analysis of market trends on terminal storage operators and petroleum tanker companies for use in formulating investment strategies. For more information, please visit www.waypointsolutionsllc.com.

Media Contacts

For Zenith
Jay Reynolds
Jay.Reynolds@zenithem.com
+1 713 395 6206

For Waypoint
David Ellis
ellis@waypointsolutionsllc.onmicrosoft.com
+1 832 419 2739

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Zenith Energy to Market and Develop Midstream Assets in Mexico

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Zenith Energy to Market and Develop Midstream Assets in Mexico

Houston, Texas – January 25, 2017 – Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that they have signed an agreement with one of the largest companies in Mexico to market and develop existing logistics assets for oil storage and distribution in Mexico to support the growing demand for oil products. 

The agreement provides for the use of certain facilities in Mexico of CEMEX, S.A.B. de C.V. (“CEMEX”), a global building materials company.  Zenith has been awarded the rights to develop these sites for fuel and LPG storage and distribution.  CEMEX’s facilities in Mexico include more than 90 storage and distribution locations, in both inland and coastal cities, most of them connected to the Mexican railroad network, many with unit train capability and include both operational and dormant locations.  The development of these sites will not interfere with CEMEX’s normal business activities in Mexico. 

“Based on the advantaged locations in major metropolitan areas and the customer demand for reliable operating facilities in Mexico, we believe that this solution will be very attractive to the market, particularly those looking for alternatives to uncertain and expensive pipeline projects,” stated Jay Reynolds, Chief Commercial Officer of Zenith.

Jeffrey R. Armstrong, CEO of Zenith, commented, “We are excited to announce this initiative at this important time in Mexico’s ongoing energy reform.  We see a growing number of promising opportunities to invest in the country’s developing midstream sector, particularly with the ability to utilize existing assets in key distribution markets inside the country.”

About Zenith Energy

With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company that owns and operates over 15 million barrels of crude oil and petroleum products storage in Amsterdam, Ireland and Colombia.  Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa.  The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges.  In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.  For more information, please visit www.zenithem.com.

Media Contact:

Jay Reynolds
Jay.Reynolds@zenithem.com    
+1 713 395 6206

 

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Zenith Energy and Grupo Coremar Complete First Phase of Palermo Tanks Terminal

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Zenith Energy and Grupo Coremar Complete First Phase of Palermo Tanks Terminal

Houston, Texas, May 3, 2016 – Zenith Energy (“Zenith” or the “Company”), an international liquids and bulk terminaling company, and its partner Grupo Coremar, a leading marine transportation and logistics company in Colombia, today announced that they have completed the first phase of the Palermo Tanks Terminal (“Palermo Tanks”) located in the port of Barranquilla, Colombia.

The world class facility has an initial capacity of 352,000 barrels for refined products and crude oil storage, a new ship dock, and six lane truck rack, as well as accompanying infrastructure. Palermo Tanks will hold a permitted storage of up to 2.5 million barrels for third party merchant storage, allowing for the acceptance of clean products, crude oil, asphalt, vegetable oil and petrochemicals to and from a 50,000 dwt dock with approximately 12 meters of draft alongside.  The phase one capacity was contracted on a term basis, and Zenith will be pursuing the next phase of expansion over the next year.

Palermo Tanks is located within Grupo Coremar’s 426-acre Palermo Port Society development.  The Port offers a variety of dry, break bulk and liquids services and the Palermo Port Society development is especially well-suited for efficient business, owing to its ideal location alongside the Magdalena River, as well as its quick access to Colombia’s national highway network and the country’s major mining region.

“We are delighted to partner with Grupo Coremar, one of the premier marine transportation and terminal companies in Colombia," said Jeff Armstrong, President and Chief Executive Officer of Zenith. “Palermo Tanks, located inside Grupo Coremar's world class Palermo Port Society location, provides the deepest draft for the most modern liquids terminal in the Barranquilla market. This is the first of many planned strategic midstream investments for Zenith in Colombia, one of the most important energy economies in the region.”

“It is with great excitement that we complete the first phase of Palermo Tanks in Barranquilla,” said Mr. Saverio Minervini, founder of Grupo Coremar. “Our joint venture with Zenith -- a partner with impressive experience in the international oil and gas industry, and in midstream development -- complements our vision and reinforces our objective to be the leading asset based logistics group in the country, focused on the energy industry.”

About Zenith Energy

With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa. The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.

Media Contact:
Jay Reynolds
+1 646.239.8457 or +1 713.395.6206

 

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Zenith Energy Completes Acquisition of BP’s Amsterdam Terminal

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Zenith Energy Completes Acquisition of BP’s Amsterdam Terminal

Houston, Texas, April 26, 2016 – Zenith Energy (“Zenith” or “the Company”) an international liquids and bulk terminaling company, today announced that the Company has completed its previously announced acquisition of a world-class liquids storage and handling facility located in the international port of Amsterdam (“the Amsterdam terminal”) from BP plc (“BP”).  BP will continue to be a major customer of the Amsterdam terminal.

Zenith intends to invest approximately $100 million USD in the Amsterdam terminal, with the goal to fully utilize its capacity for products and liquefied petroleum gas (“LPG”) storage.

“This transaction is a significant step forward for Zenith and places us at the center of a key geographic region for the energy industry,” commented Jeff Armstrong, President and Chief Executive Officer of Zenith.  “With these investments, Zenith will deliver a state of the art, efficient products storage and distribution system to service this important hub.”

The Amsterdam terminal is strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (“ARA”) region.  The ARA region represents the largest concentration of refining capacity in Europe and one of the largest refined product trading hubs in the world.

The Amsterdam terminal has storage capacity of more than six million barrels for gasoline, ethanol, middle distillates, biodiesel, kerosene and liquefied petroleum gas with capabilities for sophisticated blending.  The terminal has connectivity for ocean vessels, inland waterways and trucks, and deep draft to service oceangoing tankers up to 135,000 tons with multiple berths for barges and ships.  The Amsterdam terminal also has significant room for expansion projects.


About Zenith Energy

With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa. The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges. In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.

Media Contact:
Jay Reynolds
+1 646.239.8457 or +1 713.395.6206

 

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Zenith Energy Acquires Amsterdam Terminaling Assets from BP

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Zenith Energy Acquires Amsterdam Terminaling Assets from BP

Acquisition is the Company’s second in Europe in the past year

Amsterdam and Houston, February 2, 2016 – Zenith Energy (“Zenith” or “the Company”), an international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc (“BP”).  Zenith expects to take ownership of the terminal by the end of Q1 2016, following a transition process. Terms of the transaction were not disclosed.

The terminal assets are strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which represents the largest concentration of refining capacity in Europe and one of the largest refined product trading hubs in the world. The facility has storage capacity of more than six million barrels for gasoline, ethanol, middle distillates, biodiesel, kerosene and LPG with capabilities for sophisticated blending; connectivity for ocean vessels, inland waterways and trucks; deep draft to service oceangoing tankers up to 135,000 tons with multiple berths for barges and ships.   The facility has the leading truck loading facility in Amsterdam and significant room for expansion projects.  It is also an approved delivery point for ICE gasoil futures contracts.  BP will remain a significant customer of the terminal after transferring ownership to Zenith.

Jeffrey R. Armstrong, Chief Executive Officer of Zenith, commented, “We are pleased to acquire these terminaling assets, which have unique capabilities and are strategically located in the ARA region.  We look forward to working with our new colleagues in Amsterdam and bringing our collective expertise together to the benefit of customers.” 

This acquisition furthers Zenith’s geographic expansion, following its acquisition of the Bantry Bay terminal in West Cork, Ireland from Phillips 66 in February 2015 and the startup of its new, multi-product liquids terminal in Palermo, Colombia, which is a joint venture with Grupo Coremar.

Zenith is pursuing opportunities to buy, build and operate petroleum liquids and petrochemical terminals and related logistics including distribution assets that support terminals, such as pipelines, truck racks and barges, primarily in Latin America, the Caribbean, Europe and Africa.  

About Zenith Energy

With headquarters in Houston, Zenith Energy is an international liquids and bulk terminaling company. Zenith is pursuing opportunities to buy, build and operate terminals primarily in Latin America, Europe and Africa.  The Company is focused on the storage and distribution for petroleum, refined products, natural gas liquids and petrochemicals. The Company also will acquire and operate logistics and distribution assets that support terminals, such as pipelines, truck racks and barges.  In August 2014, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line-of-equity commitment in Zenith of up to $600 million.

 

Media Contact:

Jay Reynolds

+1 646.239.8457 or +1 713 395 6206

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New Liquids Terminal in the Port of Barranquilla

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New Liquids Terminal in the Port of Barranquilla

Today, Grupo Coremar and Zenith Energy announced the award of a contract for the construction on the first phase of a new, multi-product liquids terminal in Palermo, Magdalena Department, Colombia.  The initial construction phase will satisfy the needs of up to 528,000 barrels for refined and crude oil storage.

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