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CHS Inc. Opens Maine Propane Terminal

Tue, 20 Nov 2012 10:17:48 EST

ST. PAUL, Minn., — CHS Inc., leading global agribusiness owned by farmers, ranchers and cooperatives across the U.S., has completed construction of a propane terminal in Biddeford, Maine, in time to meet growing demand for the upcoming home-heating season.

'CHS invested in this terminal as an important step in fulfilling our company's aspiration to expand our energy platform, meet customers' needs and add value to our member-owners,' according to Drew Combs, vice president, CHS Propane.

Served by Pan Am Railways, the new terminal has 180,000 gallons of storage, and two loading bays. The secure terminal, which uses modern automation and safety technologies, began serving customers on Nov. 12.

'Our goal with the new terminal is to help retailers successfully serve New England homeowners and businesses with a safe, reliable and competitively priced supply of propane primarily from North American sources,' says Combs.

Construction of the new terminal is one of several recent initiatives by CHS Propane to increase its supply assets, including securing a multiyear marketing agreement for more than 80 million gallons a year from a large gas plant facility in North Dakota and securing additional company-owned railcar loading assets to strengthen its overall supply capability.

CHS has an 80-year history as a dependable supplier of propane and related equipment. Other partners in the collaborative project include property owner Westfield, Inc. of Kennebunk, Maine, and Champagne's Energy of Arundel, Maine, a CHS customer that will be providing operating services.

CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.


Source: WebWire



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