Esmark Inc said in a statement on Wednesday that it is converting
the former Ohio Cold Rolling Co steel manufacturing plant in
Yorkville, Ohio, into a transportation and logistics hub to serve
the Marcellus and Utica shale plays of Pennsylvania, Ohio and West
Virginia.
Esmark acquired the Yorkville facility about two years ago from a
defunct steelmaker but kept the facility idled due to poor market
conditions.
The move to refit the plant comes amid a shale boom that has set the
United States on course to become the world's largest producer of
oil and gas.
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The new facility, renamed Yorkville Energy Services Terminal, will
provide oil and gas-related infrastructure services such as fresh
water off-take, dry storage, as well as rail, barge and truck
access.
Esmark said a number of large and mid-sized energy services
companies have expressed interest in the terminal, including
companies engaged in material handling, transloading and rail
switching. It did not name the companies.
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The terminal is due to become operational by October or early
November, and will employ up to 75 people.
(Reporting by Catherine Ngai; Editing by Richard Pullin)
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