Bulk liquid storage and logistics company, IMTT has announced plans to consolidate its existing bulk liquid storage operations in Bayonne, New Jersey, US. This will free up approximately 130 waterfront acres for redevelopment on its 450-acre property.
The consolidation will enable IMTT to serve its bulk liquid customers more efficiently and attract additional economic development opportunities to the Bayonne area. Even after the anticipated reduction in storage capacity, IMTT’s Bayonne terminal will continue to be the largest bulk liquids storage terminal in the New York Harbor area.
Carlin Conner, IMTT chairman and CEO says: ‘We are pleased to announce that IMTT is consolidating a portion of the Bayonne terminal and embarking on a transformational development process for the eastern portion of the property. This will allow us to continue providing high-quality storage and logistics services on the west side of our property and pursue sustainable development opportunities on the east side. IMTT has proudly been operating in Bayonne for nearly four decades, and we are committed to continuing to provide the safe and dependable services our storage and logistics customers rely on, while also preparing the east side of our property for commercial activity that will support growth in the community for years to come.’
‘We have been working closely with IMTT over the past year regarding the future of its Bayonne facility and I am pleased that this plan will bring economic development and jobs to the city. We look forward to working with prospective partners to leverage the significant advantages of locating their businesses at IMTT’s unique property. This is a great day for the city of Bayonne,’ adds Jimmy Davis, Mayor of Bayonne.
