ALPHARETTA, Ga., Feb. 3, 2023 /PRNewswire/ — Colonial Enterprises, Inc. introduced at present it’s exploring the creation of a advertising affiliate aimed toward additional commercializing Colonial’s current belongings.
“Given the scale and scale of our system, we wish to study alternatives for added enterprise based mostly on optimization and market situations,” mentioned Dan Gordon, Senior Vice President and Chief Industrial Officer of Colonial Enterprises, Inc.
Colonial expects to proceed enterprise planning actions over the following a number of months associated to the affiliate, together with submitting to create a separate enterprise entity, expertise recruitment, data expertise buildout, and enhanced regulatory compliance coaching.
Colonial is dedicated to instituting strong safeguards and protocols designed to make sure compliance with the Interstate Commerce Act and different governance associated to associates of federally regulated pipelines. Colonial Enterprises, Inc. is the father or mother firm of Colonial Pipeline Firm.
About Colonial Pipeline: Colonial Pipeline Firm, based in 1962, connects refineries – primarily situated within the Gulf Coast – with clients and markets all through the Southern and Jap United States by way of a pipeline system that spans greater than 5,500 miles. The corporate delivers refined petroleum merchandise resembling gasoline, diesel, jet gasoline, house heating oil, and gasoline for the U.S. navy. Colonial is dedicated to security and environmental stewardship throughout its operations. Extra details about Colonial is accessible at www.colpipe.com.
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SOURCE Colonial Pipeline Firm
