Global Partners Lp · NYSE:GLP
Global Partners Lp — Corporate Update (October 2025)
16 slides from Global Partners Lp's corporate update, Oct 23, 2025
Slide 1: Community Presentation on Tank 123 Permitting and Environmental Protections
1 Community Presentation on Tank 123 Permitting and Environmental Protections Presented in collaboration with the City of New Haven as part of the DEEP Environmental Justice process October 23, 2025
Slide 2: Meeting Purpose
2 Meeting Purpose Why We Are Here: • To explain Global’s proposed re-permitting of Tank 123 to gasoline storage. • To share how emissions are controlled and monitored at Global's New Haven Terminal. • To work with the City of New Haven and residents to develop a Community Environmental Benefit Agree
Slide 3: The Global Team Here Today
3 The Global Team Here Today Mike Baron Drew Carlson VP of Government & Terminal Manager Community Affairs Tom Keefe Sean Geary VP EHS Operations Chief Legal Officer
Slide 4: Global at a Glance
4 Global at a Glance • A fourth-generation, family-lead company based in • Dedicated storage at 55 liquid energy terminals Massachusetts, started as a one-truck home heating oil spanning from Maine to Florida and into the U.S. delivery company. Gulf States • One of the largest independent owners, op
Slide 5: About Global New Haven Terminal
5 About Global New Haven Terminal • Bulk liquid energy storage and distribution facility in New Haven’s industrial zone at 500 Waterfront Street. • Terminal purchased by Global in 2024. • 10 above-ground storage tanks (incl. Tank 123) with 714 barrels combined shell capacity. • Current products: Gas
Slide 6: Project Overview
6 Project Overview Global is seeking DEEP approval to re-permit Existing systems— Tank 123 The project involves no Tank 123 for gasoline tanks, loading racks, ground disturbance or Conversion storage and make minor expansion of the site. and safety controls— remain in place. truck rack upgrades. Imp
Slide 7: Environmental Protections and Emission Controls
7 Environmental Protections and Emission Controls How We Keep the Air Clean and Odor Free • Tank 123 uses a floating roof system that minimizes emissions. • Loading areas use a Vapor Recovery Unit (VRU) to capture and clean air before it’s released • Odor control is part of our vapor capture system
Slide 8: Emission Monitoring and Compliance
8 Where and How We Monitor Emissions Emission Monitoring and Compliance Loading Rack Monitoring: • Continuous Emission Monitor (CEM) - Tracks emissions from truck loading operations • Automatic warning and rack shutoffs – prevent exceedances. • Periodic Testing and check – as required by DEEP Report
Slide 9: Our Commitment to Safety
9 Our Commitment to Safety • Global follows strict federal, state, and local safety standards. • Employees complete regular training and drills on emergency procedures. • Safety systems include pressure relief valves, fire suppression, and spill prevention. • No new excavation and limited constructi
Slide 10: Why a New Source Review is Required
10 Why a New Source Review is Required • Tank 123 was previously permitted for gasoline; DEEP requires updated review through the NSR process • Ensures air quality standards are met under today's permitting requirements • Supports transparency, environmental review, and public engagement • Reflects
Slide 11: Community Environmental Benefit Agreement
11 Community Environmental Benefit Agreement • What It Is: A collaborative plan developed with the City of New Haven and the community to identify local environmental priorities and tangible neighborhood benefits. • How It Works: • City collects input from residents. • Global and the City identify f
Slide 12: Being a Good Neighbor
12 Being a Good Neighbor Global Partners and its employees are committed to our neighbors and the communities where we live and work. • Being a good neighbor is part of the responsibility that comes with running a terminal. • We’re committed to working with community members and stakeholders, electe
Slide 13: Charitable Giving
13 Charitable Giving $1,000 $1,000 $2,500 $5,000 Regional YMCA of Yale New Haven Habitat for Humanity of Hill Regional Career Western Connecticut Inc. Hospital Greater New Haven, Inc. High School $6,250 $27,500 $70,588 $125,000 Connecticut Foodshare, Inc. Education Alliance InKind Food Donations to
Slide 14: Economic Impact
14 Economic Impact 11 $372K 842 Employees at our Taxes Paid to Connecticut New Haven Terminal New Haven in FY24 Employees
Slide 15: Next Steps
15 Next Steps • Global has completed the required Environmental Justice public outreach • Community input will help shape the permit application and Community Environmental Benefit Plan • NSR application has been submitted to DEEP • DEEP will issue a draft permit and hold a public comment period • C
Slide 16: Questions & Comments
16 Questions & Comments Uri Molina, Community Affairs Global Partners LP Uri.molina@globalp.com (781) 250-7791 https://www.globalp.com/terminals/new-haven/