Zenith Energy: Difference between revisions
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Zenith Energy was founded in 2014 as a partnership between current CEO [[Jeff Armstrong]] (former VP of [[Kinder Morgan]]) and private equity firm [[Warburg Pincus]]<ref>https://www.zenithterminals.com/about/ceo-message</ref> | |||
Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014 | |||
<ref>https://warburgpincus.com/investments/zenith-energy/</ref>, Zenith Energy acquired<ref>https://warburgpincus.com/case-studies/zenith-energy/</ref>: | |||
* 2015: [[Phillips 66]]’s liquids storage terminal in Bantry Bay, Ireland | |||
* 2016: [[British Petroleum]]’s Amsterdam, Netherlands facility | |||
* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states | |||
= US Terminals = | |||
== Portland == | |||
Operator of the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref> | Operator of the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref> | ||
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3-time winner of the fossil fuel [[ILTA]] lobby's safety award over the last decade, despite the Portland Bureau of Emergency Management 2021 warning that with the next [[Cascadian Megaquake Resilience|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref> | 3-time winner of the fossil fuel [[ILTA]] lobby's safety award over the last decade, despite the Portland Bureau of Emergency Management 2021 warning that with the next [[Cascadian Megaquake Resilience|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref> | ||
= EU Terminals = | |||
= Sources = | = Sources = | ||
Revision as of 19:52, 16 August 2023
Zenith Energy was founded in 2014 as a partnership between current CEO Jeff Armstrong (former VP of Kinder Morgan) and private equity firm Warburg Pincus[1]
Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014 [2], Zenith Energy acquired[3]:
- 2015: Phillips 66’s liquids storage terminal in Bantry Bay, Ireland
- 2016: British Petroleum’s Amsterdam, Netherlands facility
- 2017: Arc Logistics Partners and its portfolio of 21 terminals across 12 US states
US Terminals
Portland
Operator of the Portland Terminal, where 90% of the State of Oregon's petroleum is stored & distributed from.[4]
Zenith Energy claims to be leading Portland’s renewable fuel transition, in a one-pager quoting the City of Portland Climate Emergency Workplan (2022-2025).[5]
One pager on "Zenith’s preparedness for a seismic event" (the upcoming Cascadian Megaquake).[6]
3-time winner of the fossil fuel ILTA lobby's safety award over the last decade, despite the Portland Bureau of Emergency Management 2021 warning that with the next next Cascadian Megaquake, Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."[7]
EU Terminals
Sources
- ↑ https://www.zenithterminals.com/about/ceo-message
- ↑ https://warburgpincus.com/investments/zenith-energy/
- ↑ https://warburgpincus.com/case-studies/zenith-energy/
- ↑ https://zenithterminals.com/terminals/portland-terminal
- ↑ https://media.graphassets.com/ROKP6GVXTruZiDrjypA1 one-pager
- ↑ https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg
- ↑ https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds