EverWind Fuels, a green hydrogen and ammonia production developer, has acquired a Nova Scotia-based storage terminal from, NuStar Energy L.P., a liquids terminal and pipeline operator, for $60 million.
The 7.8 million-barrel storage terminal is based on Point Tupper on the Strait of Canso in Nova Scotia, Canada. The sale was first announced on February 14, 2022.
Brad Barron, president and CEO of NuStar, said, “We are pleased to close on this divestiture, as this is yet another step in our strategic plan to continue optimizing our business, building our financial flexibility and strengthening our balance sheet.”
Barclays acted as financial advisor to NuStar on the transaction.