(Franklin, Tenn. and Denton, N.C.) Eco-Energy Holdings, Inc. (“Eco-Energy”) is pleased to announce that it is developing an ethanol unit train and storage facility in conjunction with its partner J.T. Russell & Sons, Inc. at its current ethanol distribution facility located in Denton, North Carolina.
Eco-Energy has been distributing ethanol through Denton, NC since blending commenced in 2008 and has partnered with J.T. Russell and Sons, Inc. for the development, construction, and day-to-day operations of the unit train facility. The facility will be equipped to receive up to 96 rail car unit trains via both the CSX and NS railroads and will have over 95,000 barrels of ethanol tank storage.
Unit train operations at the site are expected to commence in the first quarter of 2012. Once operational, the ethanol unit train terminal will be capable of distributing over 380,000 barrels per month through the use of its automated loading system and will offer 24/7 product access to its terminal customers. Eco-Energy will be responsible for marketing and thru-put arrangements for the site. “We believe the location of this state-of-the-art ethanol unit train terminal and storage facility, coupled with the fact that it is accessible by both the CSX Railroad and NS Railroads, will be a great asset to all counterparties desiring the low-cost solution to both the Charlotte and Greensboro, North Carolina markets,” said Chadwick Conn, Eco-Energy’s Vice President of Operations.
The intent of the partnership is to fully utilize the terminal’s capacity by offering thru-put agreements to ethanol suppliers and end-users desiring to lower their supply chain costs. “We are pleased to be associated with Eco-Energy in the development of a facility that will significantly improve the logistical challenges associated with ethanol blending in North Carolina. We are confident that this endeavor will greatly benefit the ethanol industry as a whole and we are excited to be working with Eco-Energy,” said Nathan Russell of J.T. Russell & Sons, Inc.
Eco-Energy is a prominent midstream alternative energy company focused on the marketing, trading, transportation, and distribution of bio-fuels across the globe. Eco-Energy is one of the largest full-service marketing companies in North America with over $2.5 billion in sales and handling nearly 10% of the 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 integrated supply chain.