TransMontaigne's ongoing fuel storage expansion project at Collins, Mississippi, has been a strong contributor to higher year-on-year net earnings in the first quarter of 2017, in addition to a hike in storage utilization and rates.
The company is planning to almost double capacity at its Collins/Purvis storage facility, the only independent terminal capable of receiving from, delivering to and transferring refined petroleum products between the Colonial and Plantation pipeline systems.
TransMontaigne previously entered into long-term terminaling services agreements with various parties for approximately 2 million bbl of new storage capacity at its Collins bulk storage terminal. The revenue associated with these agreements comes on line upon completion of the construction of the new tank capacity.
For more information, visit www.Transmontaigne.com or call (303) 626-8200. •
