MIC holds a 50% equity interest in the company that owns International-Matex Tank Terminals.

International-Matex Tank Terminals (IMTT) is an industry leader in the handling and storage of bulk liquid products. IMTT owns and operates ten terminals in the US and operates two additional facilities in Canada . The terminals handle petroleum (crude oil and refined), chemical, and vegetable and animal oil products for customers including refiners, commodities traders and specialty chemical manufacturers. Customers retain ownership of the bulk liquids, as well as responsibility for insuring those products. IMTT is the lessor of its more than 40 million barrels of storage capacity.

In addition to stability of revenue and cash flow driven by long-term contracts and strong demand, IMTT has the capacity to grow both organically and via acquisition. Complementing these attributes, we have invested in a substantial number of growth projects and expect these to strengthen the cash flows of the business.

Click here to visit the IMTT website for more information