Jefferson Energy Companies Executes Terminal Services Contract with ExxonMobil Oil Corporation
NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies (Jefferson Energy), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, awholly owned subsidiary of Exxon Mobil Corporation (ExxonMobil; NYSE:XOM).
- NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies (Jefferson Energy), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, awholly owned subsidiary of Exxon Mobil Corporation (ExxonMobil; NYSE:XOM).
- Jefferson Energy is constructing approximately 1.9 million barrels of new storage capacity at the Jefferson Energy terminal and five connecting pipelines between the ExxonMobil Beaumont refinery and Jefferson Energy terminal that will increase utilization of its existing marine infrastructure.
- Combined with the successful completion of the ExxonMobil Cross Channel Pipelines project in February 2021, this project further strengthens the strong relationship between ExxonMobil and Jefferson Energy.
- The Jefferson Energy terminal is located on the Neches River in the heart of ExxonMobils Beaumont, Texas refining complex.