August 1, 2011 [OPIS] - ExxonMobil will put several key New England products terminals on the market this autumn, multiple sources tell Oil Express.
Properties that will be shopped include the huge Everett, Mass., terminal that has some 30 tanks and more than 2 million bbl worth of products and ethanol storage. A 900,000-bbl East Providence, R.I., terminal will also be marketed as will a smaller facility in Springfield, Mass.
ExxonMobil doesn’t need the hardware, since most branded sites in New England are now supplied by large marketers who hold “branded fee agreements.” Those BFA marketers can purchase gasoline from other suppliers, as long as proprietary additives are later added to the product.
The three New England terminals could, however, be a launching pad for a new supplier to the region. The two coastal facilities can take offshore cargoes, so they bring special appeal to trading companies that engage in the busy Atlantic Basin market.
