NuStar, Road Science Team Up on Asphalt Initiatives
OAKHURST, N.J. (DTN) --- NuStar Asphalt Refining, LLC and Road Science LLC
today announced a joint effort in which they will work together in the
development, supply and marketing of asphalt products.
The agreement will bring together NuStar's extensive asphalt production and
distribution system, technical and specialty asphalt products business with
Road Service's portfolio of innovative system products, technical services and
industry expertise, all in an effort to bring superior pavement solutions to
their respective customers.
"This venture brings the best of both worlds together for a strong presence
in the asphalt marketplace," said Curt Anastasio, president and CEO of NuStar.
"Both companies bring innovative designs and strong technical and marketing
resources to the venture. And it will allow NuStar to expand our asphalt
product slate and geographic reach across the country."
San Antonio-based NuStar is one of the largest asphalt refiners and
marketers in the U.S. The company has asphalt refineries in Paulsboro, N.J. and
Savannah, Georgia, with a combined capacity of 104,000 bpd.
NuStar also produces its own line of high-quality asphalt products and has
an extensive terminal system to store and distribute millions of barrels of
asphalt products throughout the country.
Road Science, based in Tulsa, Oklahoma, is one of the leading innovation and
technology service providers for the road paving industry. The company focuses
on pavement preservation and maintenance, recycling, rehabilitation, and
material technologies. Road Science also has a world-class research and
development laboratory in Tulsa, which will service the venture by providing
research and development, formulation support, mix design services, performance
testing and forensics capabilities.
"We are very excited to have NuStar as a partner," said Frank Panzer, Road
Science CEO. "Their numerous manufacturing and supply facilities across the
country will help provide a consistent supply of quality asphalt and enable
Road Science to more efficiently commercialize new technology offerings as well
as deliver our existing system products the market knows and trusts."
Panzer continued, "In addition, NuStar posses a strong operational and
technical group that will complement our focus on delivering effective pavement
solutions."
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