Buckeye Partners Reveals New Energy-Transition Business

April 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--While it is primarily known for transporting and storing liquid petroleum products, Buckeye Partners LP (Houston, Texas) said last week it plans to launch a diversified company, BAES Infrastructure, aimed at developing, constructing and operating projects that support the energy transition. The new company will inherit Buckeye's existing renewable assets, including renewable-energy company Swift Current Energy (Boston, Massachusetts), hydrogen-fuel supplier OneH2 (Longview, North Carolina), Bear Head Energy (Halifax, Canada)--which is building a major hydrogen and ammonia complex in Canada--as well as "advanced-stage solar development projects."