Murex N.A., Ltd. and Cetane Energy, LLC Announce Unit Train, Storage Tank and Throughput Agreement
DALLAS, June 20, 2012 /PRNewswire/ -- Murex N.A., Ltd. (Murex) and Cetane Energy, LLC (Cetane) are pleased to announce a crude oil railcar loading agreement. The companies will expand the existing Cetane facility, located in Carlsbad, New Mexico to add a crude oil storage tank and a 110-railcar, crude oil, unit train transloading facility. The agreement provides Murex with exclusive rights to Cetane's unit and manifest facilities.
"We are pleased to be a partner with Cetane and to be involved with the expansion of their Carlsbad facility. The new storage capacity and unit train transloading facility will be an integral part of our crude oil strategy in the future. This facility is ideally located, and provides us with another effective way to get our products to market," said Robert Wright, President of Murex.
"Cetane is pleased to provide 900 acres of rail and tank farms to Murex for unit train and manifest cars. Cetane and Murex have a good working relationship with manifest cars and we are excited about the addition of unit trains," said Richard Aves, CEO of Cetane.
Murex N.A., Ltd., headquartered in Addison, Texas, markets and distributes crude oil, ethanol, and other gasoline blendstocks to major oil companies and regional refiners. The Dallas Business Journal named Murex one the 10 Largest Private Companies in Dallas/Fort Worth in 2010.
Cetane Energy, LLC, located in Carlsbad, New Mexico, is dedicated to producing renewable energy solutions, limiting U.S. dependency on foreign oil and creating an economy that can sustain its own energy needs. More information on Cetane is available at www.cetaneenergy.com.
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