|
Petro-Diamond Inc. (PDI) was established on April
29, 1983 as a wholly owned subsidiary of Mitsubishi Corporation
for the purpose of trading crude oil and petroleum products
in the Pacific Basin. The Petro-Diamond Terminal Company
(PDTC) facility in Long Beach was utilized for the staging
of these fuels. The corporate office was initially located
in Laguna Niguel, California and later moved to Irvine where
it exists today.
Throughout the years, PDI has engaged in the trading
of crude oil, LPG, Naphtha, fuel oils and numerous finished
petroleum products. During the 80’s, offices were
established in New York and Houston to trade these commodities
in additional regions. However, during the early 90’s,
the company’s strategic plan was redirected to the
West Coast and Pacific Basin and, subsequently, the New
York and Houston offices were closed or transferred to Mitsubishi
International Corporation.
Today, the company remains primarily focused on the
marketing and trading of petroleum products in the Pacific
Basin from its corporate office in Irvine, California. The
company is organized in three basic groups: clean petroleum
products, heavy oils, and the terminal operation in Long
Beach, California. |
The
Petro-Diamond Terminal Company (PDTC) terminal operates
as an integral logistics component of the Petro-Diamond
Inc. (PDI) marketing program. The facility is engaged in
the handling of clean petroleum products, which includes
receipt by vessel and pipeline and subsequent delivery to
customers via a state-of-the-art truck rack.
Located
on Pier B in the Port of Long Beach, the PDTC facility
was originally comprised of 2 tanks, a 2-lane topside
loading rack, and an office, which were built by Ashland
Oil Company of California in 1968. In 1976, the facility
was sold to Amorient Petroleum Company of California (APCC),
a 50/50 joint venture between Amorient Incorporated and
Mitsubishi Corporation. The facility was later renamed
to Long Beach Terminal Company and purchased by PDI April
29, 1983.
The
facility has undergone a number of facility upgrades since
it’s founding. In the late 70’s, one additional
100 MB tank, one 50 MB tank, and three 20 MB tanks were
constructed. In the early 90’s, an additional 50
MB tank was constructed and the two loading lanes modernized
to sequential blending and computer automation. Finally,
in the early 00’s, an additional sequential truck
rack loading lane and unloading lane were constructed.
|
