PHILADELPHIA--(BUSINESS WIRE)--Sunoco, Inc. (NYSE: SUN) announced today that it has been selected by The Ohio Turnpike Commission to operate the fuel stations at the 16 service plazas along the Ohio Turnpike under an initial lease agreement from 2012 through 2016 with renewals available through 2026. Sunoco had previously operated the service plazas from 1994 through 2006.
“This agreement marks another step in smartly growing our retail presence in areas where we enjoy solid brand recognition,” said Lynn L. Elsenhans, Sunoco’s chairman and chief executive officer. “We remain focused on pursuing a brand- and logistics-led strategy that delivers value to shareholders.”
“I am pleased that Sunoco will be returning to the Ohio Turnpike,” said Bob Owens, Sunoco’s senior vice president of marketing. "With nearly 500 retail sites already in Ohio, these 16 high–quality, high-volume locations will help keep Sunoco’s brand presence strong. In addition, this agreement further positions Sunoco as the leading transportation fuels retailer on toll roads."
Combined, the service plazas currently sell approximately 35 million gallons of gasoline annually, ten million in diesel each year, and generate nearly $2 million in store sales along the 241-mile turnpike that stretches through northern Ohio from Pennsylvania to Indiana. In addition to selling fuel, Sunoco will also operate APlus convenience stores at no fewer than four of the locations. The two westernmost plazas, Indian Meadow and Tiffin River at milepost 20.8, are currently under construction for complete redevelopment and will open in June 2011 with Sunoco APlus branded convenience stores. The remaining locations will transition to Sunoco at the start of the contract in January 2012. In June 2012, the two easternmost plazas, Mahoning Valley and Glacier Hills at milepost 237.2 (redevelopment of which is scheduled to commence in the spring of 2011), will also reopen with Sunoco APlus branded convenience stores.
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.