New Houston energy company buys major oil terminal from Phillips 66

Phillips 66 (NYSE: PSX) has sold a major petroleum terminal to a new Houston energy company founded last year by the Warburg Pincus LLC private equity firm.

Houston-based Zenith Energy, a liquids and bulk terminaling company, acquired the Bantry Bay Oil Terminal in West Cork, Ireland. The terminal holds close to one-third of Ireland’s strategic reserve.

The companies would not disclose the terms of the transaction.

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The terminal, located…

Inova to lease Exxon Mobil campus to boost personalized medicine effort

Inova Health System has leased Exxon Mobil’s Merrifield campus and plans to develop a multimillion-dollar Inova Center for Personalized Health, a major step toward becoming one of the world’s foremost institutions in the fledgling field.

The Fairfax health system wrapped up negotiations Friday morning to lease the 117-acre campus across from its flagship hospital for the next 99 years with the right of first refusal to acquire the property. The deal comes roughly two years after Exxon Mobil retained…

G. I. company out to make food waste a power source

Don’t throw out that banana peel.

Instead, give it to Scott Ernst.

He’ll gladly take it and other food waste as he’s working toward creating grid-scale organic batteries to store energy for wind farms and solar energy projects.

Ernst is managing director of River Road Research, a five-year-old company that using melanin to build better batteries.

In January, River Road Research was awarded a patent for a method to produce melanin.

Melanin, the primary determinant of skin color, is a pigment…

Neumann preps for 120 apartments, 27 houses in Pewaukee

A contractor’s equipment yard in Pewaukee could be razed and replaced by 120 high-end apartments and 27 houses under a proposal by Neumann Cos. Inc.

Also, a new Goodwill store on South 76th Street and Cobalt Partners’ 40-acre development near Interstate 894 are among several projects under review next week in Greenfield.

In Pewaukee, Neumann Cos. is looking to acquire more than 34 acres at Highway 74 and Lindsay Road for a new housing development. With 120 apartments, with rents ranging from $1,100…

Carubba moves into Syracuse market

Carubba Collision is expanding its Upstate footprint by preparing to open a shop near Syracuse.

According to public documents filed in Onondaga County, Carubba Collision Future Shop LLC, run by Joseph Carubba, bought a three-parcel property on Northern Boulevard in Cicero. Carubba Collision Future Shop paid $1.5 million, buying the land from T&K Realty LLC of Rome. The deal was put together by Jay Newman from Hastings Cohn Real Estate in Buffalo.

Carubba Collision will occupy one of the buildings…