Colonial Terminals, Inc., the largest, independent liquid and dry bulk storage facilities in the Southeast, and a division of Georgia-based company, Colonial Group, Inc., recently purchased a bulk liquid terminal at 1312 Front St. in Wilmington.
The facility was formerly owned by Buckeye Terminals, LLC — a company that owns and operates petroleum products and carrier pipeline networks.
Located on the Cape Fear River, the newly acquired terminal has around 550,000 barrels of storage capacity. Colonial Terminals already owns an existing terminal that they purchased in the mid-’90s and now sits adjacent to the new purchase, making the combined storage of the entire complex over 1 million barrels of liquid storage.
“This adjacent facility adds a new berth and substantial river frontage to our already large footprint on the Cape Fear River, and we’re eager to offer new capabilities for existing customers as well as attract new customers and products to the market,” said Ryan Chandler, president of Colonial Terminals.