January 26, 2011 [OPIS] - Buckeye Partners LP (Buckeye) has traded on Wednesday its first ultra-low-sulfur diesel deal at its Chicago terminal and storage complex, industry sources told OPIS.
The deal was for February Cycle 1 ULSD at the Chicago complex, and the complex could receive and pump barrels to anywhere in the Chicago market at buyers’ or sellers’ options.
Barrels at the complex could be delivered to outbound pipelines such as Wolverine, Westshore, Badger and Pipeline “010.”
The complex will offer the full slate of clean oil products from gasoline to diesel. Buckeye said on Jan. 10 that it planned to market several oil terminal and storage locations as one facility in the Chicago area, effective Feb. 1. The facility is referred to as Buckeye Terminals LLC — Chicago Complex.
The change will simplify the nomination and inventory management process for its customers, Buckeye said, while offering increased ease of access to its storage tanks and connecting carriers.
All terminal scheduling duties will be performed by one person to allow for a single point of contact. All nominations into and out of Buckeye Terminals East Chicago, Hammond, Hartsdale and Peotone facilities will need to use the new terminal and tanker designations.
Buckeye will not change volumes or connecting carrier designations.
