Chemoil Terminals, the second largest independent liquid fuels storage provider in southern California, US, has been bought out by an unnamed investor group.

The terminal company is headquartered in Long Beach, California and operates the Carson Terminal and the Long Beach Marine Terminal, which are connected by an extensive pipeline network. The terminals handle a variety of refined products including diesel, renewable diesel, biodiesel, and gasoline. Following the completion of the transaction, Chemoil Terminals will be known as Olympus Terminals.

‘We are excited to partner with these investors as we continue to serve the greater Los Angeles area,’ says Vince Godfrey, CEO of Olympus Terminals. ‘With our strong ability to create and deliver the fuel required to meet today’s rigorous environmental standards, we are well positioned for growth.’

(Source; Tank Storage Magazine)