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 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.
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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