The assets and services inside the Enterprise lease include those formerly designed and managed by Bigler Specialty Oil, LP, the predecessor company to Resolute Oil, LLC. Tank sizes range from 10,000 barrels to a set of 40,000 gallon hold and blend tanks
“We’re very pleased by the long term arrangement,” said Dan Schramm, Resolute’s president. “Enterprise has proven to be an excellent supplier of quality services that support our specialty oil business model. Their people are very knowledgeable of our products and customer requirements.”
The subject facility has supported Resolute Oil’s specialty oil business since its inception as Bigler Specialty Oil, LP in 2007. The leased assets include dedicated 8-inch barge lines, product-specific piping and pumps, along with FDA-approved tank linings and multiple filter sets throughout the system. Resolute Oil maintains Kosher certification on the facility related to all activity on FDA and white mineral oils.
Products stored, segregated and processed include Group I, Group II, FDA white mineral oil, ink oils and solvents, and a line of application-specific blends available for ongoing shipments. Additional high-quality tanks and processing units are available for Resolute’s expansion as customer opportunities ultimately arise.
“In particular,” said Mr. Schramm, “Resolute is thrilled with the stability that the extended relationship with Enterprise Terminals brings to our business model, suppliers and to our customer base”
Additional information about Resolute’s product line and leased assets capabilities is available on the company’s newly launched web site, www.resoluteoil.com.