May 10, 2011 [GMND] - Robert Brehm, CEO of Green Mountain Development Corp, announced that C. Trade and the company have entered into an agreement with a C. Trade client to review the plans for business development, rehabilitation and operation of the Beach Haven Oil Terminal located in the City of Berwick (Luzerne County), Pennsylvania.
The company will review existing environmental reports, site assessments, and alternative product strategies and recommend business startup logistics for the client.
The facility has five above-ground storage tanks with a capacity of over 2.5 million gallons (9,470 m3). Previously the terminal received refined products from pipelines, barges and trucks and distributed petroleum products to third parties for delivery to home owners and commercial outlets. This facility has extensive connections to the eastern pipeline system.
Brehm commented, “With higher oil prices and the increasing local demand for alternative fuel products, C. Trade CEO, Nick Kontonicolas, brought this business opportunity to the table for consideration as a future joint venture operations project. As a first step, our companies will be acting as business oversight consultants to review the startup costs, operations strategy and profit potential from various fuel products such as bio-diesel. The project will establish Green Mountain operations in fuel distribution logistics on the East Coast working with C. Trade’s existing logistics network.”