Colonial Terminals has announced it has acquired a bulk liquid terminal owned and operated by Buckeye Terminals. The terminal is located on the Cape Fear River, North Carolina, USA and has approximately 550,000 barrels of storage capacity.
Ryan Chandler, president of Colonial Terminals says: ‘This adjacent facility adds a new berth and substantial river frontage to our already large footprint on the Cape Fear River, and we’re eager to offer new capabilities for existing customers as well as attract new customers and products to the market.’
The acquisition increases CTI’s storage infrastructure in Wilmington to more than one million barrels, 70 acres, and over a half mile of river frontage. Products stored at these facilities include industrial chemicals, specialty chemicals, petroleum, and others.
With the addition of the new facility, CTI now operates seven terminals, five in Georgia and two in Wilmington, with a total liquid capacity of approximately eight million barrels and a total dry capacity of approximately 200,000 tons of vertical storage, 400,000 square feet of covered flat storage, and significant outside storage acreage.
