Buckeye Pipe Line
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Buckeye Partners, L.P., NYSE: BPL headquartered in Breinigsville, Pennsylvania, United States, is one of the primary distributors of petroleum in the eastern and mid-western portions of the United States. Buckeye manages over 5,400 miles of petroleum pipeline distribution in these areas. Many of the pipelines follow historic Northeastern railroad rights-of-way, and the firm is a surviving fragment of the former Penn Central railroad.
Buckeye pipelines supply aviation fuel to major airports in New York City, and the firm's property is alleged as of 2007 by United States federal prosecutors to have been the target, along with the John F. Kennedy International Airport, for explosion by terrorists.
Buckeye generated $294 million in its most recent fiscal year. The company employs approximately 600 people.
Buckeye Partners, L.P. is a publicly traded partnership (NYSE: BPL) that owns and operates one of the largest independent refined petroleum products pipeline systems in the United States in terms of volumes delivered, with approximately 5,400 miles of pipeline; owns more than 60 refined petroleum products terminals; operates and maintains approximately 2,700 miles of pipeline under agreements with major oil and chemical companies; owns a major natural gas storage facility in northern California; and markets refined petroleum products in certain of the geographic areas served by its pipeline and terminal operations.
