We are committed to contributing directly to the decarbonization of the broader economy by becoming a net zero business, and through investment in and development of renewables, cleaner fuels, alternative energy, and other sustainable innovations. We are working to reduce the carbon impact of our operations and, where it makes sense, to adapt our existing liquid petroleum products infrastructure to facilitate the needs of our customers and end-users as they transition to cleaner energy alternatives.
Our Alternative Energy Strategy in Action
Buckeye Alternative Energy
Buckeye Alternative Energy is a segment dedicated to pursuing new energy transition-related opportunities. Current assets include Swift Current Energy, OneH2, Bear Head Energy, and other renewable power operating assets.
Facilitating the Movement of Cleaner Fuels
Buckeye Partners is adapting and repurposing existing infrastructure at our Perth Amboy terminal in New Jersey to enable the aggregation, storage, blending, and distribution of biofuels and bio-blendstocks. Upon completion of this project, our Perth Amboy terminal is expected to be the single largest distribution point for biomass-based diesel in the region. Through these efforts, we are facilitating the needs of one of our key customers, enabling them to become one of the largest suppliers of biomass-based diesel in the Northeast U.S.
We are also repurposing our existing infrastructure and capabilities to deliver sustainable aviation fuel (SAF) to customers and end users in the Northeast. The utilization of SAF, a low-emission jet fuel made from sustainable and renewable sources, will be a key driver in the reduction of aviation emissions, and we are committed to facilitating its growing use. In June 2022, in partnership with Neste, Colonial Pipeline Company, and Delta Air Lines, we played a critical role in a milestone delivery of SAF to New York’s LaGuardia Airport for the first time. Leveraging our infrastructure and capabilities to increase the accessibility of SAF stems from our commitment to supporting partners, like these, who are at the forefront of the energy industry’s evolution.
