Market Research Report: Zenith Energy Terminals

Company Overview

• Name: Zenith Energy Terminals

• Mission of the Company: To create a sustainable, independent liquid storage terminals business providing safe and reliable solutions for their customers. The company is committed to leading the transition to a cleaner energy future by pioneering a safer and more sustainable liquid storage model.

• Founded: 2014

• Key People:

• Jeff Armstrong, Chief Executive Officer

• Dana Love, General Counsel

• Carlos Ruiz, President

• Lisa Babajko, VP Human Resources

• Cristina Masson Lynch, Chief Financial Officer

• Carlos Munguia, Chief Operations Officer

• Grady Reamer, Chief Commercial Officer

• Andrea Simpson, VP Commercial West

• Jill Verwold, VP Finance & Accounting

• Headquarters: North America (Specific city/state not specified)

• Number of Employees: No information is available.

• Revenue: No information is available.

• What the Company is Known For: Zenith Energy is recognized for its leadership in bulk liquid storage and is notable for achieving carbon neutrality in 2021. It is known for its commitment to sustainability, operational excellence, and safe handling of products.

Products

Offered Products:

Zenith Energy provides bulk liquid storage services and specializes in storing a diverse range of products:

• Bio Diesel

• Ethanol

• Renewable Diesel

• Traditional Fuel

• Vegetable Oils

High-Level Description:

Zenith Energy operates as a midstream company that offers storage solutions for a variety of liquid products at its terminals. The company’s infrastructure is specifically tailored to optimize the utility and safety involved in storing liquids, thus meeting the evolving needs of its customers.

Key Features:

• 7 terminals located across North America, specializing in unique types of liquid storage.

• 11 million barrels of storage capacity.

• Emphasis on environmental stewardship and sustainability by incorporating renewable fuels like biodiesel and renewable diesel into its offering.

Recent Developments

• Carbon Neutrality Achievement: Zenith Energy US Terminals achieved carbon neutrality in 2021 by offsetting greenhouse gas emissions through emission reduction credits, making it the first major US terminal company to achieve this milestone.

• Renewable Fuel Transition: The company is significantly enhancing its Portland Terminal to support renewable fuels, with investments like a $35 million renewable fuels campaign and new infrastructure for renewable diesel.

• Innovative Contracts and Expansions:

• In November 2024, Zenith signed a historic customer contract, becoming the largest renewable fuel terminal in Oregon.

• The transition for renewable fuel operations is ahead of schedule as of August 2023.

• Received its first shipment of sustainable aviation fuel in June 2023.

• Acquisitions and Partnerships: Acquisitions and strategic moves to expand their storage capacity have been significant, including acquiring bulk terminal storage and interconnected terminals from various companies.

• Safety Initiatives: Zenith Energy has invested $18 million in infrastructure improvements at its Portland Terminal to enhance safety and operational standards.

Conclusion

Zenith Energy Terminals, since its inception in 2014, has positioned itself as a leader in the bulk liquid storage industry through its commitment to sustainability, safety, and operational excellence. By achieving carbon neutrality and transitioning significantly towards supporting renewable fuels, Zenith Energy is pioneering in both innovation and environmental stewardship.