U.S. Energy, a prominent provider of refined products, alternative fuels, and environmental credits, has recently acquired two refined product terminals in Mount Prospect and Rockford, Illinois. This strategic move expands U.S. Energy’s presence in the Midwest and allows them to better serve their customers and partners in the PADD 2 markets.
With the addition of these facilities, U.S. Energy now owns and operates a total of 37 terminals across nine states, boasting an impressive collective storage capacity of over eight million barrels. The Mount Prospect terminal contributes 380,000 barrels of storage, while the Rockford terminal adds 320,000 barrels.
Notably, these terminals are the first owned and operated refined product assets that U.S. Energy has established in Illinois. Previously, the company had a presence in the state through renewable natural gas development and distribution. The acquisition of these terminals further solidifies their position in the region.
The Mount Prospect terminal receives product from the West Shore pipeline, which also supplies U.S. Energy’s Milwaukee terminals. On the other hand, the Rockford terminal receives product from the Badger pipeline, which also serves the company’s Madison terminals. This pipeline connectivity ensures efficient product distribution and enhances U.S. Energy’s operational capabilities.
As part of the acquisition, U.S. Energy is pleased to welcome four legacy employees from these facilities to their team. The company values their expertise and believes they will contribute to maintaining their high standards of customer service, safety, site uptime, and throughput turnaround at the new locations.
U.S. Energy is a vertically integrated organisation that covers the entire energy supply chain. Through its network of 37 owned and operated terminals, the company assists wholesale, retail, and commercial customers with storing, marketing, and receiving energy products. With their in-house trading floor, multimodal logistics capabilities, and extensive supply network, U.S. Energy is well-positioned to help organizations meet their supply needs.
For more information about throughput opportunities at these newly acquired terminals, interested parties can contact Alison Schmidt at aschmidt@us-energy.com. U.S. Energy is dedicated to providing reliable and efficient solutions to meet the diverse requirements of its customers.
For more information visit www.us-energy.com
