Global Partners LP, a Massachusetts-based company, has acquired a liquid energy terminal in East Providence, Rhode Island from Exxon Mobil Oil Corporation.
The East Providence terminal, with a storage capacity of 959,730 barrels across 10 product tanks, serves as a strategic storage hub for various products, including gasoline, additives, distillates, and ethanol. The terminal’s infrastructure includes a six-bay truck rack catering to the Rhode Island, Northern Connecticut, and Southern Massachusetts markets, as well as a large dock capable of accommodating long-range vessels.
Global Partners aims to optimize its significant marketing and retail presence in the region by leveraging the additional gasoline infrastructure gained through this acquisition.