Teppco Buys Three Sites for $75M Terminal Plan

HOUSTON-Teppco Partners LP has unveiled plans to develop two refined product and distribution terminals in Clarksville and Clifton, TN, on the Tennessee and Cumberland rivers. The $75-million plan is the first of a series of terminals planned to help improve energy distribution throughout the Southeast and Midwest.

Headquartered in Houston, Teppco Partners’ only terminals are a refined product facility in Aberdeen, MS and a refined product and a 500,000-barrel transport terminal currently under construction in Boligee, AL. When the three Tennessee terminals are completed in 2010, they will have 800,000 barrels of storage capacity for gasoline and biofuels as well as offering improved trucking logistics.

“The addition of these new terminals represents the continued successful implementation of our strategy to develop a network of refined products distribution facilities along inland waterways in the southeastern United States,” Jerry E. Thompson, president and CEO of Teppco Partners, says in a press release. “Beginning with the purchase of our 130,000-barrel terminal in Aberdeen, MS and continuing with construction of the partnership’s 500,000- barrel terminal in Boligee, AL, these facilities are well positioned to better serve the local markets.”