HOUSTON (January 10, 2008) – Houston Fuel Oil Terminal Company (HFOTCO), a major Houston-based provider of crude and residual fuel oil storage, today announced the acquisition of the Dow Chemical Company’s Haltermann Products Facility located near the intersection of Sheldon Road and Jacintoport Boulevard.  This property includes 50 acres, numerous tanks, a barge dock, rail spurs, truck racks, and land for further expansion.

Kevin Hickey, Director, Business Development, stated “This acquisition fits nicely with HFOTCO’s existing facility.  The acquired property will be tied into our main plant later this year.  Given the long lead times for building storage tanks, acquiring existing tanks will accelerate HFOTCO’s expansion plans.  Additionally, the property provides future opportunities not only for residual fuel,  but also for other storage opportunities.”