Crowley and Bethel Native Corporation Announce New Tank Farm in Bethel, Alaska
(Bethel, Alaska; July 17, 2001) – Crowley Marine Services and Bethel Native Corporation (BNC) announced today that they have concluded agreements leading to the construction and operation of a new bulk fuel tank farm in Bethel, Alaska.
Crowley will build and operate the facility under a long-term property lease arrangement with BNC. The facility will support the needs of commercial, aviation, government and individual fuel consumers in Bethel and outlying villages in the Yukon-Kuskokwim region. It is expected that construction will be completed and the facility will open for business by September 2002.
“The entry of Crowley Marine Services in the Bethel fuel market will improve service levels and bring much needed competition to the Yukon-Kuskokwim region,” said BNC President and CEO Marc D. Stemp. “Our shareholders have faced several years of economic hard times due to the collapse of the salmon industry. The leasing of BNC land to Crowley will help maintain affordable energy costs as well as offsetting the declining revenue stream from the BNC fish processing plant.”
“We are pleased to conclude a long term partnership with BNC and look forward to expanding Crowley’s presence in this market,” said Bruce Barto, Crowley’s vice president, Petroleum Services. “This project reflects Crowley’s continuing commitment to and investments in better serving its Alaska customers.”
BNC is the sixth largest Alaska Village corporation and is headquartered in Bethel. BNC companies are active in environmental remediation, food commodities, uniform and accessories management services, and security services. BNC is also an active real estate developer with apartments and commercial office buildings in Bethel, Anchorage and Albuquerque, New Mexico.
Seattle-based Crowley Marine Services is a subsidiary of Crowley Maritime Corporation. Crowley, founded in 1892, has provided services in Alaska since 1953 and has extensive operations on the North Slope, in Prince William Sound and in Western Alaska. Crowleys Western Alaska business encompasses petroleum transportation, distribution, terminaling and marketing activities. Additional information about Crowley can be found on the Internet at www.crowley.com.
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