Statement From Buckeye Partners, L.P. Regarding Hurricane Matthew
October 10 2016 - 10:00AM
Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) announced today that
the emergency safety precautions implemented by the company to
prepare its U.S. Southeast coast and Caribbean facilities for
Hurricane Matthew were effective in mitigating the storm’s impact
on its assets.
Although Buckeye emergency response teams are
continuing to assess and inspect its facilities for damage, the
company is pleased to report that no employees have been injured
nor have there been any significant releases of product.
Buckeye has implemented its hurricane recovery
protocols at Buckeye Bahamas Hub, Fort Lauderdale Terminal,
Everglades Pipe Line, Jacksonville Terminal, Charleston Terminal,
and Wilmington Terminals with the intention of resuming full
operations at these facilities as quickly and as safely as
possible. Buckeye expects to resume domestic operations early
this week and is determining a timetable for the resumption of
operations at Buckeye Bahamas Hub.
Buckeye continues to work closely with local and
national public safety officials and agencies in the U.S. and the
Bahamas to respond to the aftermath of Hurricane Matthew.
Buckeye and its employees are an integral part
of the communities in which we operate. Our primary concern is the
safety of our employees, the public and the environment.
Buckeye is working to assist employees impacted by Hurricane
Matthew and is making financial contributions to organizations to
assist with relief efforts in the U.S. and the Bahamas.
About Buckeye Partners,
L.P.
Buckeye Partners, L.P. (NYSE:BPL) is a publicly
traded master limited partnership and owns and operates a
diversified network of integrated assets providing midstream
logistic solutions, primarily consisting of the transportation,
storage, and marketing of liquid petroleum products. Buckeye
is one of the largest independent liquid petroleum products
pipeline operators in the United States in terms of volumes
delivered, with approximately 6,000 miles of pipeline.
Buckeye also uses its service expertise to operate and/or maintain
third-party pipelines and perform certain engineering and
construction services for its customers. Additionally,
Buckeye is one of the largest independent terminalling and storage
operators in the United States in terms of capacity available for
service. Buckeye’s terminal network comprises more than 120
liquid petroleum products terminals with aggregate storage capacity
of over 115 million barrels across our portfolio of pipelines,
inland terminals and marine terminals located primarily in the East
Coast and Gulf Coast regions of the United States and in the
Caribbean. Buckeye’s network of marine terminals enables it
to facilitate global flows of crude oil and refined petroleum
products, offering its customers connectivity between supply areas
and market centers through some of the world’s most important bulk
storage and blending hubs. Buckeye’s flagship marine terminal
in The Bahamas, Buckeye Bahamas Hub, is one of the largest marine
crude oil and refined petroleum products storage facilities in the
world and provides an array of logistics and blending services for
the global flow of petroleum products. Buckeye’s recent
expansion into the Gulf Coast has added another regional hub with
world-class marine terminalling, storage and processing
capabilities. Buckeye is also a wholesale distributor of
refined petroleum products in areas served by its pipelines and
terminals. More information concerning Buckeye can be found
at www.buckeye.com.
Contact:
David Boone
Public Information Officer
(610) 904-4401
Kevin Goodwin
Vice President and Treasurer
irelations@buckeye.com
(800) 422-2825
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