US Oil, the petroleum and renewable energy distribution division of US Venture Inc., has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands US Oil’s existing distribution network to 21 terminals in North America.
This acquisition will strengthen US Oil’s relationships with unbranded and independent marketers, as well as branded dealers in the Midwest, more specifically those located in the North/Central Indiana corridor. The acquisition will also allow US Oil to further optimize the facility through enhanced biofuel opportunities and additional capital investment projects.
US Oil owns and operates strategically located terminals in Chippewa Falls, Green Bay, Madison and Milwaukee, Wisconsin; Cheboygan and Rogers City, Michigan; Bettendorf, Iowa; and Bryan, Fort Worth, and Houston, Texas. The addition of the Indianapolis terminal expands US Oil’s network east with supply logistics through the Chicago complex via Buckeye, Gulf Coast via Enterprise and Marathon’s Robinson, Illinois, refinery pipelines.