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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