United States : arclight Buys Remainder of Houston Oil Facility.Byline: manish03 ArcLight Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has acquired the remaining 50% interest in black oil facility Houston Fuel Oil Terminal Company LLC from Motiva Enterprises Motiva Enterprises, LLC, is a 50-50 joint venture between Shell Oil Company (the American wholly owned subsidiary of Royal Dutch Shell) and Saudi Refining (a wholly owned subsidiary of Aramco Services Company, which itself is a wholly owned subsidiary of Saudi Aramco). . No financial terms were disclosed ArcLight acquired its initial 50% interest in HFOTCO in October 2007 from Chartco LLC. PRESS RELEASE ArcLight Capital Partners, LLC ( ArcLight ) has closed on the acquisition of the remaining 50% membership interest in Houston Fuel Oil Terminal Company, LLC ( HFOTCO ) from Motiva Enterprises, LLC. ArcLight acquired its initial 50% interest in HFOTCO in October 2007 from Chartco, LLC. HFOTCO is the U.S. Gulf Coast s largest black oil facility with 11 million barrels of tankage tankage made from heat-digested animal abattoir residues without gut contents, hide, horn, hoof. Concentrated and dried and possessing a high biological value protein content of 60%. See also meat meal. in operation and another 2 million barrels currently under construction. Since 1979 HFOTCO has been storing, blending and moving residual oil residual oil n. The low-grade oil products that remain after the distillation of petroleum, used in adhesives, roofing compounds, and asphalt manufacture. Noun 1. for carbon black manufacturers, refineries, bunker suppliers and oil traders. Starting in 1992 HFOTCO began storing and delivering crude oil and feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing to area refineries. We are pleased to expand our ownership position in one of the U.S. Gulf Coast s most important and strategic terminal assets , said Dan Revers re·vers also re·vere n. pl. revers also re·veres A part of a garment, such as a lapel, turned back to show the reverse side. , Managing Partner at ArcLight. HFOTCO s strong asset base, impressive management team and significant growth prospects make it an ideal investment for our Funds, added Mr. Revers. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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