Esmark, Inc. on Wednesday announced that it is converting the former Ohio Cold Rolling Company steel finishing mill in Yorkville into a
gas and oil industry service terminal.
The company says the terminal’s purpose is to support companies engaged in oil and gas exploration and production in the Marcellus and Utica shale regions. Esmark will repurpose the one million-square-foot mill facility into the newly named Yorkville Energy Services Terminal.
James P. Bouchard, founder, Chairman and CEO of Esmark, Inc., said market dynamics, pricing disparities in the hot-rolled steel and tinplate markets, and the explosive growth of oil and gas exploration and production in the region were key factors in the decision to repurpose the Yorkville facility.
“The steel services industry has changed dramatically since Esmark acquired the Yorkville finishing mill in 2012, and we believed the idled facility was ideally suited to serve companies engaged in oil and gas exploration and production,” he said. “With its on-site rail, truck and barge access and complementary heavy equipment, Yorkville Energy Services Terminal offers companies a fully integrated logistics and transportation solution.”