HOUSTON, May 4, 2023 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that its subsidiary, Phoenix Oil, Inc. acquired approximately 10.6 acres of land in the Gulf Inland Industrial Park, located in Dayton, TX, to build a new processing facility with rail spur and siding, product storage, and truck rack. Phoenix will build new infrastructure to service its existing customers and to create opportunities for growing the business. This location is closer to the refining and petrochemical centers and provides Phoenix with ideal logistics to better serve their customers. In addition, Phoenix will relocate its headquarters from Humble, Texas to this new location.
Read more at prnewswire.comADAMS RESOURCES & ENERGY, INC. ANNOUNCES ACQUISITION OF LAND FOR PHOENIX OIL RELOCATION AND EXPANSION
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