BUCKEYE PARTNERS Overview
Company Headquarter: US
Founded: 1886
Workforce: ~1,200
Company Working: Buckeye Partners, L.P. is one of the largest liquid petroleum products pipeline operators in the US. It has a diversified global network of integrated assets, providing midstream logistic solutions, primarily for transporting, storing, processing, and marketing liquid petroleum products. The company’s global terminal network comprises more than 115 liquid petroleum products terminals with an aggregate tank capacity of over 118 million barrels. It offers its pipelines, inland terminals, and marine terminals for clients in the East Coast, Midwest, and Gulf Coast regions of the US.
Strategy
Buckeye Partners, L.P., has a strong presence in the market due to strategic acquisitions and mergers with other local companies. The company invests in R&D as it strategizes to launch products and solutions with upgraded technologies. It focuses on expansion in terms of operations. For instance, Buckeye Bahamas Hub is one of the largest marine crude oil and refined petroleum product storage facilities in the world, which provides an array of logistics and blending services for the global flow of petroleum products. This is the flagship marine terminal in the Bahamas, which was expanded by the company to sustain its presence in the market.
