Newly named “Marrero Terminal” is located near milepost 99 on the Mississippi River. The terminal primarily serves the black oil market. “This Terminal was the perfect asset to form the cornerstone of a new company. It has rail, truck, and deepwater draft ship and barge dock and a terrific location,” said Vincent J. Di Cosimo, President and CEO.

PipeStem Energy Group, LLC is expanding the capacity of Marrero Terminal by 1.5 MM barrels. New storage will service the black oil market with a portion reserved for renewable fuels. PipeStem Energy Group, LLC will custom build storage to customer needs.

Waterfront capabilities will be expanded to accommodate large ships and additional barges. By the end of first Quarter 2009, dock expansion will enable Marrero Terminal to load/offload ships and barges simultaneously. Existing and future expansion of the terminal is designed to expedite movement of product from barges and ships to eliminate demurrage charges frequently incurred in the black oil business.

“We are very excited about the level of serious interest in our expansion and forecast for future demand,” said Greg Hambrick, EVP of Commercial Development. Estimated ground breaking date for tank expansion is May of 2009.