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|Sunoco to Sell Fuel along New Jersey's Garden State Parkway|
PHILADELPHIA, Jan 10, 2011 (BUSINESS WIRE) -- Sunoco, Inc. (NYSE: SUN) announced today that it has reached an agreement with the New Jersey Turnpike Authority and Getty Petroleum Marketing Inc. to begin operating the nine fuel stations at service plazas along the Garden State Parkway, one of the most heavily traveled roads in the nation. The new six-year agreement begins January 2011 and runs through December 2016. Sunoco also announced an extension on the two fuel stations along the Palisades Parkway, also in New Jersey, through December 2015.
These developments come less than a month after Sunoco announced that it would sell fuel on the Ohio Turnpike beginning in 2012 and acquired 25 retail sites in upstate New York. "These latest additions to our retail portfolio strengthen our position in the Northeast, a region where we enjoy solid brand recognition and customer loyalty," said Lynn L. Elsenhans, Sunoco's chairman and chief executive officer.
"Over the years, Sunoco has grown into the nation's leading fuel retailer along high-volume toll roads by establishing a presence on some of the most heavily traveled routes in the country," said Bob Owens, Sunoco's senior vice president of marketing. "From upstate New York to Maryland and west through Ohio, drivers will have access to Sunoco's high-quality fuels along all major roadways."
In 2009, more than 426 million vehicles traveled the 172-mile high volume Garden State Parkway, which stretches through New Jersey from the New York state line south to Cape May., N.J. The 38-mile Palisades Parkway, which starts at the foot of the George Washington Bridge in Fort Lee, N.J. and stretches north overlooking the Hudson River through the scenic cliffs known as the New Jersey Palisades, serves as a major route for commuters in and out of the New York City metropolitan area.
In addition to the recently announced Garden State Parkway and Ohio Turnpike agreements, Sunoco currently provides fuel along several other major toll roads, including the Atlantic City Expressway, Delaware Turnpike, Maryland Turnpike, New Jersey Turnpike, New York Thruway, Palisades Parkway, and Pennsylvania Turnpike.
Sunoco is a leading transportation fuel provider, with operations located primarily in the East Coast and Midwest regions of the United States. The company operates more than 4,800 branded retail locations that market transportation fuels and convenience store merchandise in 23 states. This retail network is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 675,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Many of Sunoco Logistics' pipelines and terminals and storage facilities are integrated with Sunoco's retail network and refineries. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.67 million tons of metallurgical coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
SOURCE: Sunoco, Inc.
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