August 29, 2011 [Business Wire] - New Orleans-based Blackwater Midstream Corp is in discussions with potential customers to expand its Brunswick, Georgia facility by constructing an additional 150,000 barrels of new capacity at the site.
“We expect the capital funding requirements for the expansion to be supported by our senior lender”, said Frank Marrocco, Chief Commercial Officer of Blackwater Midstream Corp.
“Our task is to continue this growth trend by expanding our facilities through new construction and acquiring other under-performing assets with upside growth potential. To that end, we are currently in the process of acquiring a terminal facility in Salisbury, Maryland as previously announced,” stated Mike Suder, the company’s CEO.
Blackwater Midstream Corp. is an independent developer and operator of bulk liquid storage terminals including facilities within the Port of New Orleans in Westwego, LA and Brunswick, GA. The Westwego facility consists of approximately 857,000 barrels of storage capacity while the Brunswick facility has 161,000 barrels of capacity. Both locations are capable of storing a variety of liquid products. Blackwater Midstream Corp. is a member of the International Liquid Terminal Association.
