I Squared Capital acquires Zenith Energy Terminal in Portland, Oregon

In Oregon, I Squared Capital recently announced that its Energy Transition Infrastructure Fund has entered into a definitive agreement to acquire 100% of the Zenith Energy Terminal in Portland, Oregon, a major Renewable Diesel and Sustainable Aviation Fuel logistics hub on the U.S. West Coast. The terminal is essential to helping Portland and the State of Oregon meet their clean fuel policy goals.

Based in Portland’s Northwest industrial district, the terminal includes 1.7 million barrels of storage capacity and multimodal connectivity via rail, marine, truck and pipeline. As part of an agreement with city officials, the terminal is on track to convert 100% of its fossil fuel storage to renewable fuel by October 2027. It is a critical component of Portland’s existing energy infrastructure and is currently the only facility in Oregon with SAF storage. The terminal was the origin of PDX’s first-ever SAF delivery in September of this year.