FOR IMMEDIATE RELEASE
Colonial Oil Industries, Inc.
2112 Rankin Street
Savannah, Georgia 31415
912.236.1331 ext. 3952
Dmtaylor@colonialoil.com
1 Feb 2024
Colonial Oil Industries and TICO Lead Sustainable Energy Transition in the Southeast with
Launch of Renewable Diesel
Savannah, Georgia – Colonial Oil Industries, Inc. one of the largest independent oil and gas
companies in the United States, is proud to announce a partnership with Neste, TICO, and
Gateway Terminals in the offering of renewable diesel to customers and businesses in the region,
marking a significant stride towards a more sustainable future in the Southeast.
“As a trusted supplier of quality fuels and logistics solutions for more than 100 years, Colonial Oil is
proud to expand our offering to meet the sustainable energy needs of our land and marine
customers. We endeavor to be the energy partner of choice in the markets we serve and our
strategic relationship with Neste accelerates this ambition,” says Bob Kenyon, President of
Colonial Oil Industries, Inc.
This partnership increases the availability of renewable diesel in the State of Georgia and
throughout the Southeast. The renewable diesel will be supplied by Neste, the world’s leading
producer of renewable diesel and sustainable aviation fuel and a forerunner in developing
renewable and circular feedstock solutions for polymers and chemicals. Renewable diesel is a
lower-carbon alternative to traditional diesel fuel, produced from renewable raw materials such as
used cooking oil and animal fat waste. When compared to fossil diesel, the use of renewable diesel
significantly reduces greenhouse gas emissions over the fuel’s life cycle, making it a crucial player
in the global effort to combat climate change.
“TICO is proud to partner with Colonial, GPA, and Gateway Terminals to lead the transition to
renewable diesel, beginning with a Q1 deployment in our operations supporting the Port of
Savannah. TICO Terminal Services and TICO Manufacturing are committed to advancing
sustainability in terminal equipment driven by technologies that are both advanced and
reasonable. TICO is proud to bring sustainability solutions that are immediate and reasonable,”
says Duncan Pindar, Executive Vice President of TICO.
“In the drive to cut supply chain emissions, renewable diesel is a welcome option that both
integrates well into current delivery models and provides important overall reductions in carbon
and particulate matter. We are encouraged that Colonial Oil is bringing this product to market to
help improve global air quality,” says Kevin Price, CEO of Gateway Terminals.
Key features of Colonial Oil’s Renewable Diesel Offering Include:
1. Environmental Impact: Renewable diesel can reduce emissions by up to 75%* over the life
cycle of the fuel compared to fossil diesel, making it an ideal solution to combat climate change.
2. Performance: Renewable diesel offers comparable performance to fossil diesel, ensuring a
seamless transition for consumers and businesses.
3. Compatibility: Renewable diesel is fully compatible with all diesel engines and does not require
additional investments to the engines and fueling infrastructure. It can be used in its neat form or
be blended with fossil diesel at any ratio.
4. Supply Chain Integration: With a robust supply chain and in partnership with CTI and Georgia
Ports Authority, Colonial Oil will ensure a reliable and consistent source of renewable diesel for
consumers, promoting this solution that is readily available today to help customers reduce
greenhouse gas emissions.
Colonial Oil and our partners are committed to a more sustainable future by standing firm in our
dedication to environmental stewardship, innovations, and responsible practices, ensuring a
better world for generations to come.
- The GHG emission reduction percentage varies depending on the region-specific legislation
that provides the methodology for the calculations (e.g. EU RED II 2018/2001/EU for Europe
and US California LCFS for the US), and the raw material mix used to manufacture the product
for each market.
For media inquiries, please contact:
Destiny Mojica – Taylor
912.236.1331 ext. 3952
Dmtaylor@colonialoil.com
About Colonial Oil Industries, Inc.:
Colonial Oil Industries, Inc., a division of Colonial Group Inc. based in Savannah; GA is one of the
largest independent oil companies in the United States. For more than 100 years, Colonial Oil
Industries has been providing fuel and lubricant supply and distribution services to wholesale,
commercial, industrial, retail, marine, and cardlock customers across 34 states and growing.
Customers depend on Colonial Oil Industries as their single-source supplier of quality solutions
and exceptional partner experience. Colonial Oil Industries network of ocean and pipeline
terminals combined with its expansive delivery capabilities, allows customers to optimize their
energy needs through data-driven management, fixed pricing programs, on-time deliveries, and live
inventory monitoring. The Colonial Oil Industries team upholds the standards of integrity, service,
entrepreneurship, and family with an unwavering pursuit of innovation that gives a myriad of
businesses and agencies the power to perform.
About TICO:
Terminal Investment Corporation (TICO) took flight with the advent of container operations at the
Port of Savannah five decades ago when TICO introduced a unique terminal equipment service
model that delivers value in capital, terminal land efficiency, fleet management, and managed risk.
The TICO port services business today deploys a fleet of approximately 1,800 TICO terminal
tractors and 1,200 terminal trailers. Today we are two unique businesses. TICO Terminal Services
partners with world class ports and cargo operators deploying value-added equipment related
services. TICO Manufacturing has seized the number two global terminal tractor production market
position through products, technology, and customer experience that are unique and brand
defining. Both business units are focused on innovation, customer experience, and sustainability.
Learn more at www.ticotractors.com.
About Gateway Terminals:
Gateway Terminals LLC Savannah is a stevedore company dedicated to high performance
container terminal operations. The company is a joint venture between Ports America, Ceres
Marine Terminals, Inc., and SSA Atlantic LLC who have consolidated container terminals, truck &
rail gates, and stevedoring services. Bringing together three experienced organizations under one
umbrella provides a compelling opportunity for growth, especially in light of the tremendous
increase in demand for services to support Georgia Ports Authority (GPA), the nation’s third-busiest
container port complex. Learn more at https://gatewaysav.com/