Terminals (Oil & Gas) Industry Continues Strong throughout the Remainder of 2008 with a Strong Outlook for 2009
As the cost of crude oil and gasoline reached record highs this year, the terminals industry is fueled to grow at a steady pace. There is a continued demand for additional storage and not just for crude oil and gasoline but also for ethanol and allied chemical products. Terminal operators are also investing in ethanol blending equipment to keep up with increased demand for ethanol as mandated in the Renewable Fuel Standard included in the Energy Policy Act of 2005. Other investments in the terminal distribution infrastructure include loading rack additions or expansions and manifold additions to support pipeline expansions. Despite lack of LNG supply, LNG importers are still proceeding with plans to construct import facilities. Join Industrial Info's industry experts for an insight on these topics and much more.
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