JET Infrastructure completed the acquisition of five inland terminals from IMTT.

JET Infrastructure, a distribution company, completed the acquisition of five inland terminals from International-Matex Tank Terminals, a company that owns and operates bulk liquid storage terminal facilities. Financial terms were not disclosed. “The proceeds from this sale will be reinvested into current and future growth projects, allowing us to continue executing our Greener and Cleaner strategy. As of today, over half of IMTT’s revenue in 2023 is expected to be generated from the storage and handling of non-petroleum products, such as renewable diesel feedstocks, renewable diesel, vegetable and tropical oils, and chemicals. At the same time, we remain committed to supporting our legacy petroleum positions in advantaged markets across the US and Canada,” Carlin Conner, IMTT Chairman and CEO.