USD Partners Issues Updated Investor Presentation
September 22 2021 - 4:21PM
Business Wire
USD Partners LP (NYSE:USDP) (the “Partnership”) announced today
that it will post an updated investor presentation on its website.
Among other information, the presentation includes an overview of
the Partnership, discusses the benefits to the Partnership from its
Sponsor’s Diluent Recovery Unit project and includes updated
information with respect to the Western Canadian crude oil market
activity.
The presentation will be made available on the Partnership’s
website no later than 5:00pm Eastern Time on Wednesday, September
22, 2021, at www.usdpartners.com on the “Events &
Presentations” sub-tab under the “Investors” tab.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited
partnership formed in 2014 by US Development Group, LLC (“USD”) to
acquire, develop and operate midstream infrastructure and
complementary logistics solutions for crude oil, biofuels and other
energy-related products. The Partnership generates substantially
all of its operating cash flows from multi-year, take-or-pay
contracts with primarily investment grade customers, including
major integrated oil companies and refiners. The Partnership’s
principal assets include a network of crude oil terminals that
facilitate the transportation of heavy crude oil from Western
Canada to key demand centers across North America. The
Partnership’s operations include railcar loading and unloading,
storage and blending in on-site tanks, inbound and outbound
pipeline connectivity, truck transloading, as well as other related
logistics services. In addition, the Partnership provides customers
with leased railcars and fleet services to facilitate the
transportation of liquid hydrocarbons and biofuels by rail.
USD, which owns the general partner of USD Partners LP, is
engaged in designing, developing, owning, and managing large-scale
multi-modal logistics centers and energy-related infrastructure
across North America. USD’s solutions create flexible market access
for customers in significant growth areas and key demand centers,
including Western Canada, the U.S. Gulf Coast and Mexico. Among
other projects, USD, along with its partner Gibson Energy, Inc., is
progressing on a long-term solution to transport heavier grades of
crude oil produced in Western Canada to the U.S Gulf Coast through
a Diluent Recovery Unit at the Hardisty Terminal and USD’s
destination terminal in Port Arthur, Texas. Both projects are
currently operating in the start-up phase. USD is also currently
pursuing the development of a premier energy logistics terminal on
the Houston Ship Channel with capacity for substantial tank
storage, multiple docks (including barge and deepwater), inbound
and outbound pipeline connectivity, as well as a rail terminal with
unit train capabilities. For additional information, please visit
texasdeepwater.com. Information on websites referenced in this
release is not part of this release.
Category: Corporate
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version on businesswire.com: https://www.businesswire.com/news/home/20210922005984/en/
Adam Altsuler Executive Vice President, Chief Financial Officer
(281) 291-3995 aaltsuler@usdg.com
Jennifer Waller Director, Financial Reporting & Investor
Relations (832) 991-8383 jwaller@usdg.com
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