Ecoenergy Holdings Co., Ltd. to Partner with NuStar Terminals Operations Partnership L.P. in Development of Ethanol Unit Train and Storage Facility in Northern, VA Market
July 30, 2012 at 09:13 am EDT
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Ecoenergy Holdings Co., Ltd. announced that it is partnering with NuStar Terminals Operations Partnership L.P. to jointly develop an ethanol unit train and storage facility to serve the Northern, VA and Washington, DC market areas. 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. 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.
EcoBio Holdings Co., Ltd. formerly Ecoenergy Holdings Co., Ltd. is a Korea-based company engaged in the renewable energy business together with its subsidiaries. The Companyâs business scope includes electric power, bio gases, as well as construction and maintenance of new and renewable energy facilities. The Company operates landfill sites for power generation and sewage treatment facilities for the production and supply of bio gases.
Ecoenergy Holdings Co., Ltd. to Partner with NuStar Terminals Operations Partnership L.P. in Development of Ethanol Unit Train and Storage Facility in Northern, VA Market