Our Storage and Blending Facility
In keeping with our strategic initiatives, we have leased an aboveground storage tank with a storage capacity of at least 200,000 barrels of fuel oil. This storage in the Houston and New Orleans areas will be used to heat, store, and blend different grades of fuel and heavy oils depending on customer requirements and market economics. The storage and blending facility will be located in or near New Orleans, Louisiana, and Houston, Texas, in order to provide ready access to international shipping routes originating from the US Gulf Coast and ending in various other parts of the world, particularly Southeast Asia and the Middle East. We are also an end user of all of these commodities. We have plants across the globe that use feed stock.