Illinois-based cooperative GROWMARK, Inc. is acquiring the refined fuels terminal near St. Joseph, Missouri from Magellan Pipeline Company with an intent to offer ethanol blends in the future in addition to diesel.
Kevin Carroll, Vice President of GROWMARK’s Energy Division, says the acquisition will help them solidify the cooperative’s commitment to the energy business in northwestern Missouri and northeastern Kansas, expand capacity and facilitate continued growth. “We currently have a reliable supply of refined fuels. However, with the addition of the St. Joseph terminal we will be able to more easily grow with our customers in the region,” he said.
Carroll said Magellan will continue to deliver refined fuels into the St. Joseph terminal via its Midwest pipeline system.
GROWMARK provides energy-related products and services, agriculture-related products and services, and grain marketing in the Midwest and Ontario, Canada.