Sale of marine terminal and rail car unloading facilities
Our attorneys advised Gulf Coast Asphalt Company, L.L.C. (GCAC) in the sale of its Mobile, Alabama marine terminalling facility and Saraland, Alabama rail transloading facility to Arc Terminals LP. The Mobile Terminal is a 1.2 million barrel facility that handles asphalt, crude oil, heavy fuel oil and methanol for third party customers. The transloading facility transfers heavy crude oil and specialty products from railcars to Arc’s Mobile area terminals where products can then be stored, blended and delivered into marine vessels.
GCAC will remain an Arc customer under a long term contract at the Mobile Terminal to facilitate its heavy oils marketing and trading operations, which GCAC retained and will continue to operate independently. GCAC and Arc also will continue pursuing a joint Canadian National Railway Company direct crude rail project in the Mobile area.