FRANKLIN, Tenn.--()--Eco-Energy Holdings, Inc. (“Eco-Energy”) is pleased to announce that it is partnering with NuStar Terminals Operations Partnership L.P. (“NuStar”) to jointly develop an ethanol unit train and storage facility to serve the Northern, VA and Washington, DC market areas.
“We are pleased to work with NuStar in developing this ethanol terminal and storage solution for the Northern, VA and Washington, DC markets. They are a well known terminal operator and we look forward to a great relationship”
Under the long-term agreement, Eco-Energy and NuStar will jointly develop an ethanol unloading, storage and outbound truck loading solution at NuStar’s Dumfries, VA facility. Each party will bear their own development, construction and refurbishment costs.
“We are pleased to work with NuStar in developing this ethanol terminal and storage solution for the Northern, VA and Washington, DC markets. They are a well known terminal operator and we look forward to a great relationship,” said Chadwick Conn, Eco-Energy’s VP of Operations.
The ethanol unit train terminal will have approximately 155,000 barrels of ethanol storage capacity and will be capable of distributing over 400,000 barrels per month. The facility will offer product access 24 hours a day, seven days a week, and will be equipped to receive up to 96 rail car unit trains via CSX Transportation (“CSX”) with 24/36 hour turnaround time. Operations at the Dumfries, VA site are expected to commence in the third quarter of 2013.
“We are very excited about the joint development of this facility. This is a large and growing market and this project reflects how multiple partners (Eco-Energy, NuStar and CSX) can work together to develop a long-term supply chain solution that benefits bio-fuel producers and end users. We continue to execute on our terminal strategy and the site will be open for utilization by both producers and end users seeking to effectively distribute bio-fuels in the region,” said Gwaine Ton, Eco-Energy’s CFO / COO.
“This is a great project for the partners, the bio-fuel producers and the end users,” said Danny Oliver, NuStar’s Senior Vice President of Marketing and Business Development. “We are excited that we’ll be able to deliver ethanol more quickly and cost-effectively to this growing market.”
Eco-Energy is an integrated bio-fuel supply chain company focused on the marketing and distribution of bio-fuels across the globe. Eco-Energy is among the largest full-service bio-fuels marketing companies in North America with over $3.0 billion in sales and handling nearly 10% of the domestic bio-fuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain. www.eco-energyinc.com
NuStar Energy L.P. is a publicly traded, limited partnership based in San Antonio, with 8,420 miles of pipeline; 84 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; and two asphalt refineries and a fuels refinery with a combined throughput capacity of 118,500 barrels per day. The partnership’s combined system has approximately 96 million barrels of storage capacity. One of the largest asphalt refiners and marketers in the U.S. and the second largest independent liquids terminal operator in the nation, NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. For more information, visit NuStar Energy L.P.’s Web site at www.nustarenergy.com.