HANNIBAL, Ohio, July 12, 2018 (GLOBE NEWSWIRE) — The Long Ridge Energy Terminal (“Long Ridge”) announced the completion of its rail loop track construction project, enabling the facility to take up to three unit trains of frac sand and other commodities at any given point in time. This project was completed in response to the rapidly growing frac sand and natural gas liquids demand associated with the Marcellus and Utica shale in East Ohio and the West Virginia panhandle.
Long Ridge is the only terminal in the Appalachian Basin with both unit train and barge transloading capabilities, providing customers with best-in-class optionality for sourcing frac sand and other commodities. In addition, Long Ridge has recently put into service a rail unloading pit, a frac sand conveyor belt system and frac sand silos with total storage capacity of 23,000 tons, and plans to commission a second barge dock in August 2018.
About Long Ridge Energy Terminal
The Long Ridge Energy Terminal is the Appalachian Basin’s leading multimodal energy terminal with nearly 300 acres of flat land, two barge docks on the Ohio River, a unit train capable loop track and direct access to Ohio Route 7. Long Ridge is a subsidiary of Fortress Transportation and Infrastructure Investors LLC, which trades on the New York Stock Exchange under the ticker FTAI. For more information on Long Ridge, please visit www.longridgeenergy.com.
About Fortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
For further information, please contact:
Long Ridge Energy Terminal
Fortress Transportation and Infrastructure Investors LLC