DURHAM, N.C. – With sights on expanding into the fuel-supplier market, refiner Davinscroft Inc. has agreed to work with The Pinnacle Corp. technology to manage fuel inventories, according to Pinnacle officials.
Pinnacle’s Fuel Smart component provides data on fuel inventories across all terminals. Durham, N.C-based Davinscroft plans to use the technology to manage large bills of lading and mitigate its tax reporting risk, officials said in a statement.
Davinscroft is a maker of refined products, including gasoline, distillates, asphalt and various unfinished, intermediate streams in the U.S. Gulf Coast and New York Harbor markets. The company has an operational center in Houston.
Davinscroft accepts product at the Gulf of Mexico, ships on the Colonial Pipeline and sells at the New York Harbor or other terminals. Davinscroft is expanding its enterprise with entry into the fuel-supplier market.
Arlington, Texas-based Pinnacle is a provider of automation technology focusing on the convenience-store and petroleum industries. Pinnacle delivers products that automate convenience-store operations and supply-chain management of fuel operations. Nationwide, Pinnacle’s products and services are used daily in thousands of convenience outlets to automate and improve their store operations and by fuel marketers to increase their efficiency in fuel delivery.
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