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Petroleum Products Corporation, a petro- leum pipeline terminals and logistics business. Pyramid owned and operated a network of 12 high-quality refined products storage terminal facilities in Pennsylvania totaling approximately 9 million barrels of storage capacity. Pyramid stores gasoline, diesel fuel, heating oil, heating oil kerosene, ethanol and biodiesel and is a distributor of these products to customers in Pennsylvania and six surrounding states. The terminals are pipeline, barge and rail-connected and supplied from a geographically diverse set of refined product sources including New York, Philadelphia, the Midwest and Gulf Coast. After rationalizing the two networks to meet antitrust and other requirements, 17 Northeastern terminals are now a core component of Gulf's supply position. Gulf will maintain its headquarters in Massachusetts and retain its name and lim- ited partnership structure. This transition is not expected to disrupt existing practices or agreements. RENEWABLE ENERGY GROUP PRAISES EFFORTS TO REINSTATE FEDERAL BIODIESEL TAX CREDIT Renewable Energy Group, Inc. President and CEO Daniel J. Oh issued the follow- ing statement after U.S. House and Senate passage of tax extenders legislation which contained a retroactive reinstatement of the $1 per gallon biodiesel mixture excise tax credit from Jan. 1, 2015, through Dec. 31, 2016: "We at REG are pleased and thankful that Congress has approved a retroactive reinstatement and extension of the bio- diesel tax credit. With the President's signature, this worthwhile incentive, com- bined with higher RFS2 biomass-based diesel volumes, will reinforce our com- pany's continuing growth by encouraging higher blends and usage of advanced bio- fuels throughout North America. "We owe a large debt of gratitude to our bi-partisan congressional cham- pions, in particular Senator Charles Grassley [R-Iowa] and Senator Maria Cantwell [D-Wash.]. Their commit- ment to our industry has been constant and unwavering. We will continue to work with them and our industry partners to advocate for a conversion to a producer's tax credit in the future because we believe that is how this credit should be structured." [ E d i t o r ' s n o t e : P r e s i d e n t O b a m a signed the bill in December, reinstating the tax credit.] API, BUSINESS COALITION FILE LAWSUIT AGAINST EPA'S NEW OZONE STANDARDS API and a coalition of concerned busi- ness groups filed a lawsuit against EPA's "unnecessary" and "costly" tightening of ozone NAAQS standards, according to API Vice President and General Counsel Stacy Linden. "Our nation's air has been getting cleaner without costly new regulations, but the administration ignored science by changing the ozone standards before states could fully implement existing standards," Linden said. "We're asking the court to step in and block this unnecessary regula- tion that could be one of the costliest to consumers in history." Ground level ozone in the U.S. declined by 18% between 2000 and 2013, according to EPA data. "Tightening the standards will not improve air quality any faster, but these regulations could hurt jobs and the econ- omy by imposing unachievable emission reduction requirements on virtually every part of the nation," Linden said. AMERICAN ENERGY COALITION LAUNCHES NEW WEBSITE The American Energy Coalition has unveiled its newly updated website, www. AmericanEnergyCoalition.com. Now view- able across virtually all computer and smart device platforms, the site was reconstructed using a responsive design that allows each page's text, images and videos to be dis- played on screens of any size. Website content has also been updated and expanded, including an updated "Get The Facts Before You Convert" data sheet. which has been added to the Member Resources page. For more information, visit www.AmericanEnergyCoalition.com CORRECTION An improper logo for Angus Energy and Finance was used in FON's December 2015 Sourcebook listings. Here is the correct logo. We apologize for the mistake. l F O N Calendar of Events FEBRUARY, 2016 Western Petroleum Marketers Association Convention February 16 – 18 The Mirage Hotel Las Vegas, NV 801-263-9762 Email: info@wpma.com The NATSO Show 2016 February 22 – 25 The Disney Yacht & Beach Club Lake Buena Vista, FL Contact: Susan Taylor 703-739-8572 MARCH, 2016 NTEA/Work Truck Show March 1 – 4 Indiana Convention Center Indianapolis, IN Contact: 800-441-6832 Registration: http://www.ntea.com/worktruckshow Southeast Petro-Food Marketing Exposition March 2-3 Myrtle Beach Convention Center Myrtle Beach, S.C. Contact: Show Director Sharon S. Vinson 919-781-9744 or svinson@ncpcm.org Registration: http://www.sepetro.org/ MAY, 2016 Eastern Energy Expo May 22-26 Foxwoods Resort Casino Mashantucket, CT Online registration opens Feb. 15: http://easternenergyexpo.com/ DATELINE BREAKING NEWS 4 FEBRUARY 2016 | FUEL OIL NEWS | www.fueloilnews.com