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Transactions - OCTOBER 16, 2020

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Zenith Energy enters Los Angeles market with pipeline acquisition

by Kali Persall

Zenith Energy U.S. has acquired three interconnected terminals in greater Los Angeles from Plains All American Pipeline, marking Zenith’s foray into the Los Angeles market.

The infrastructure includes the Long Beach, Dominguez Hills and Alamitos Terminals, as well as 50 miles of bi-directional pipeline connecting the terminals as well as all major refineries in the region.

The terminals collectively have storage capacity of 8.2 million barrels. They are connected to deep water docks and Line 2000, Line 63 and the M70 pipeline systems from Northern California as well as the refining and biorefining systems in Southern California, according to Zenith.

“The Los Angeles Terminals and related infrastructure are both beneficial for customers and strategically important for our business,” said Jeff Armstrong, president and CEO of Zenith.

Financial terms were not disclosed.

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