Esmark to convert steel finishing mill to support facility for s – Business, Government Legal News from throughout WV

Esmark Inc. announced Sept. 10 it is converting the former Ohio Cold Rolling Company steel finishing mill in Yorkville, Ohio into a tri-modal industrial services terminal to support companies engaged in oil and gas exploration and production in the Marcellus and Utica Shale Plays.

Esmark, a diversified holding company with interests in steel manufacturing and distribution, oil and gas exploration and production and real estate services, acquired the former Yorkville steel finishing mill — which is located in Jefferson County, Ohio, just across the Ohio River from Ohio County, West Virginia — two years ago, and plans to repurpose the one million-square-foot mill facility into the newly named Yorkville Energy Services Terminal. The terminal will comprise a tri-modal (rail/truck/barge) logistics and transportation hub serving the Ohio, Pennsylvania and West Virginia shale plays.

“The steel services industry has changed dramatically since Esmark acquired the Yorkville finishing mill in 2012, and we believed the idled facility was ideally suited to serve companies engaged in oil and gas exploration and production,” James P. Bouchard, Esmark founder, chairman and CEO said in a statement. “With its on-site rail, truck and barge access and complementary heavy equipment, Yorkville Energy Services Terminal offers companies a fully integrated logistics and transportation solution.”

J. Gregory Pilewicz, president of Yorkville Energy Services Terminal and Esmark, said the terminal market opportunity is driven by several powerful trends, including the forecast of continued steady growth in the Marcellus and Utica Shale Formation’s drilling and exploration fields.

“The significant upstream, midstream and downstream expansion, coupled with the resources required for horizontal drilling in the region, provide a strategic opportunity for the terminal and we believe our tri-modal platforms and services infrastructure will be in great demand,” he said.

Pilewicz added that as many as 50 to 75 jobs could be created at the terminal when operational.

via Esmark to convert steel finishing mill to support facility for s – Business, Government Legal News from throughout WV.