PAPCO
fuel market information and analysis that helps them make more of an informed decision . That ’ s what sets us apart .”
A Supply Chain Leader PAPCO has access to over 1 million barrels of owned or leased storage . A shipper on the Colonial Pipeline ( which links the company ’ s supply chain all the way to the Gulf Coast ) with inventory locations throughout the eastern United States , PAPCO maintains fuel supply agreements with major oil refining companies such as Exxon-Mobil , Citgo , Shell and BP .
PAPCO has prided itself on never missing a delivery on account of a lack of supply , and according to Rosenfeldt , this is made possible because of the contingency plans set in place .
“ It comes through contingency plans and asset diversification ,” he said . “ What I mean by that is , on a very macro level , the ways in which we transport product are via pipeline , rail , barge or truck , and you need to be able to understand and execute contingencies around all of that .”
By having contingency plans in place , PAPCO can ensure that if something were to happen on the pipeline , the product can still be delivered via barge — if it ’ s not a waterborne market , then by rail .
Asset diversification is having the access to product from a variety of producers so if one has issues , another producer is in place .
“ When you look at our business of oil distribution and all the other value additions that we bring to the table , one of the things our customers look to us for is experience to get them through tough times ,” said Daniels . “ Whether its hurricanes or other stressed weather situations where the entire oil infrastructure is severely constrained , that ’ s when we ’ re needed most .”
Triumph through Tragedy Hurricane Sandy was the deadliest and most destructive hurricane of the 2012 Atlantic hurricane season , as well as the second-costliest hurricane in United States history .
When PAPCO was called upon to continue delivering fuel during this calamity , rather than declaring force majeure , the company stepped forward and continued operations
78 May 2015