� EPA PROPOSES STRICTER GHG STANDARDS FOR HD VEHICLES
On April 27 , 2023 , EPA published a proposed rule for more stringent standards to reduce greenhouse gas emissions from heavy-duty vehicles beginning in model year 2027 . The new standards would be applicable to HD vocational vehicles ( such as delivery trucks , refuse haulers , public utility trucks , transit , shuttle , school buses , etc .) and tractors ( such as day cabs and sleeper cabs on tractor-trailer trucks ). EPA sought input on this effort from the public , including all stakeholders . The docket for this NPRM is available at regulations . gov Docket ID # EPA- HQ-OAR-2022-0985
� GLOBAL PARTNERS ACQUISITIONS
Global Partners has acquired assets from Gulf Oil and Motiva .
Global acquired four liquid energy terminals from Gulf Oil . The terminals are located in Chelsea , Massachusetts ; New Haven , Connecticut ; Linden , New Jersey ; and Woodbury , New Jersey .
Global Partners LP , a midstream logistics and marketing company , said that it closed the acquisition of the terminals from Gulf Oil for $ 212.3m . The deal between the parties was first announced in November 2022 . The terminals have a combined shell capacity of approximately three million barrels .
Through this acquisition , Global Partners said in a statement , it plans to further strengthen its position in the energy economy of the northeastern US .
The acquisition is set to increase Global Partners ’ storage and distribution of gasoline , distillates and ethanol .
Global Partners president and CEO Eric Slifka said : “ This acquisition further delivers on our commitment to strategic growth and our ability to identify and capitalise on assets that leverage our growing network .”
The acquisition forms part of Global ’ s strategic approach to invest in and purchase assets that complement its existing network in high-demand markets .
The Linden and Woodbury terminals in New Jersey are expected to open up new market opportunities . The New Haven terminal enhances gasoline distribution capabilities in Connecticut .
The Chelsea terminal , which will support continued service to the Boston area , will effectively replace the Revere terminal www . fueloilnews . com | FUEL OIL NEWS | MAY 2024 7