A New York City-based biodiesel maker Innovation Fuels has bought a 310,000-barrel terminal at the Port of Milwaukee, Wisconsin.
This story from the Business Journal of Milwaukee says the facility will help move biodiesel and ethanol out of the region:
The terminal 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 diesel and gasoline to the terminal for blending with renewable fuels, such as biodiesel and ethanol.
“This acquisition provides Innovation Fuels with direct, deep-water access to the lucrative Great Lakes and Northeast markets as well as to international ports making the Port of Milwaukee property one of the keys to our global strategy,” commented John Fox, CEO for Innovation Fuels. “We can now easily transport finished product from Midwestern biofuels producers to virtually anywhere on the East Coast of the United States as well as to our international customers.”
Innovation Fuels runs biodiesel refineries as various ports across the country.