Lincoln Energy Solutions, a Southeast oil products and biofuels marketing and logistics company, has hired two experienced marketing personnel to spearhead its expansion plans in 2016 and beyond, Larry Burgamy, president of Lincoln, told OPIS in an interview.
Josh Henderson and David Parker have recently joined Lincoln, which is based in Greenville, S.C. Henderson started work as the chief operating officer and partner at Lincoln on Jan. 1, 2016, and Parker was appointed director of sales and marketing focusing on oil products and biofuels sales and supplies via rail, he said.
Prior to joining Lincoln, Henderson spent 14 years working at Murphy USA. Henderson was the head of fuel marketing at Murphy USA. Henderson will be involved with all Lincoln companies focusing on marketing and asset development.
Before joining Lincoln, Parker was the senior vice president of product supply and wholesale marketing at Valero.
Lincoln was started in 1979 by Jim Farish, and evolved with acquisitions and sales of retail chains and transportation assets. Today, Lincoln’s focus is more diversified with oil products and biofuels marketing, terminaling and transportation.
Lincoln markets as well as trades biofuels across the Southeast region through Lincoln and third-party facilities. Lincoln’s products marketing is primarily through niche facilities. It is a regular shipper on Colonial and Plantation pipeline systems, and it is also expanding its rail deliveries to increase flexibility and diversification.
Lincoln continues to seek growth through existing and incremental markets and assets. Lincoln is currently expanding its terminal and transload assets and expects to announce acquisitions and expansion projects in 2016,” Burgamy said.
“These opportunities broaden our reach with traditional and niche services to further strengthen our customer relationships. Our success is built on strong customer relationships allowing us to service relationships across multiple Lincoln companies,” he said.
Lincoln is active throughout the Southeast from Maryland to Georgia and Tennessee with expansion north into Ohio and Kentucky in 2016, Burgamy said. All companies combined, the 2016 projected sales are expected to exceed $1 billion in revenue.
Besides increasing its geographical footprint, Lincoln is also expanding its oil products storage business at the company’s two oil products terminals, Burgamy said.
Lincoln’s Fredericksburg, Va., terminal is expanding its CBOB gasoline storage capacity and will have RBOB and PBOB as additional products. This capacity expansion from 150,000 bbl to 250,000 bbl is expected to be completed near the end of the first quarter 2016. The inclusion of RFG products will widen Lincoln’s product slate and offers more products flexibility. Fredericksburg is served via Plantation Pipe Line.
Lincoln’s Chattanooga facility, which is terminaling diesel and automated biodiesel, is expanding to serve gasoline and also includes a pipeline connection to a neighboring rail transload facility for movement of products and biofuels, Burgamy said. Chattanooga is served via Colonial Pipeline and is expected to add a Plantation pipeline connection in 2016.
Capacity at Chattanooga will be expanded from 60,000 bbl to 200,000 bbl later in 2016.
Lincoln is also focusing on rail transportation for fuel deliveries, which is another viable mode of transportation to pipelines, especially when pipelines are fully allocated.
Lincoln is very active with pipeline movements. Rail movements will be complimentary with additional supply and offers logistical advantages in markets currently served with higher laid-in costs,” he said.
Lincoln also maintains a fleet of fuel delivery trucks. Lincoln Transportation, Inc. is a 28-unit common carrier serving retailers and biofuels marketers throughout the Southeast.
Originally published by Oil Price Information Service (OPIS) opisnet.com