buys biodiesel terminal
Jan 16, 2009 4:09 PM
Innovation Fuels, New York, NY, has closed on the purchase of a 310,000 barrel (43,000 metric tons) capacity terminal located on 10 acres in the Port of Milwaukee WI.
The facility will be used for the sale and distribution of biodiesel and other renewable fuels into and out of the Midwest.
The terminal, originally built as Shell Oilís Milwaukee headquarters in the 1950ís, includes a 20,000-square-foot warehouse, executive offices, and a garage. The site features existing truck and rail loading infrastructure, with highway access and is served by two Class I railways, the Union Pacific Railroad and the Canadian Pacific Railroad.
In addition, the Port of Milwaukee has international shipping access via the St Lawrence Seaway and can receive river barge cargo via the Mississippi. The facility also has an idled connection to the Westshore petroleum pipeline, which could be used to bring in diesel and gasoline to the terminal for blending with renewable fuels, such as biodiesel and ethanol.
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