Central Energy Partners LP was formed by Penn Octane Corporation and is engaged in the storage and transportation of gas, refined petroleum products and petrochemicals. The Company provides liquid bulk storage, trans-loading and transportation services for petrochemicals and petroleum products through its assets and operations in Hopewell, Virginia and Johnson City, Tennessee. It identifies acquisitions of midstream assets, which include gas gathering and transmission systems, processing facilities, and storage and transportation capabilities. The Company’s wholly owned subsidiary, Regional Enterprises, Inc.’s (Regional) principal business is storage, transportation and railcar transloading of bulk liquids, including chemical and petroleum products owned by its customers. Regional’s principal facilities are located on the James River in Hopewell, Virginia, where it receives bulk chemicals and petroleum products from ships and barges into about 10 million gallons of available storage.