KILGORE, Texas, Sept. 12, 2011 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced that a single tank explosion and fire occurred at its Stanolind Terminal in Beaumont, Texas over the weekend. The incident occurred in the evening on Saturday, September 10th and was fully contained and extinguished by Sunday morning, September 11th. There were no injuries to plant personnel or emergency responders related to this incident.
The cause of the explosion and fire is not known at this time and is under investigation. This specific tank stores No. 6 oil for Martin Resource Management Corporation under a through-put agreement. The Partnership reports that the tank contained approximately 4,700 barrels of No. 6 oil at the time the incident occurred.
No other operations at the Stanolind Terminal have been impacted and all other MMLP terminalling activities are operating normally. Based on the through-put storage contract for this particular tank, the Partnership reports that the cash flow impact is less than $1.0 million annually.
About Martin Midstream Partners L.P.
Martin Midstream Partners is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: terminalling and storage services for petroleum products and by-products; natural gas gathering and processing and NGL distribution services; and sulfur and sulfur-based products processing, manufacturing, marketing and distribution; marine transportation services for petroleum products and by-products.
Additional information concerning Martin Midstream is available on its website at www.martinmidstream.com