A Green Plains and Jefferson Energy Companies joint venture, JGP Energy Partners, has loaded its first vessel with nearly three million gallons of ethanol destined for Brazil.
President and CEO of Green Plains, Todd Becker said: “This state-of-the-art terminal aligns with our strategy to grow our downstream distribution capabilities and optimise our logistics platform. We can now provide an end-to-end solution, from production to delivery, for our customers worldwide at one of the most efficient export loading facilities for ethanol that exists in the marketplace today. In addition, we can now service domestic demand because of our access to three Class I railroads, inbound/outbound barges and trucks, and better locational advantages due to fewer weather and incident-related delays than competing terminals.”
The newly constructed $50m export and import fuels terminal has direct mainline service with the Union Pacific, BNSF and KCS railroads, and can simultaneously receive and unload two ethanol unit trains at high flow rates of 7,000 barrels per hour. The terminal currently features four storage tanks with a working capacity of 550 thousand barrels designed to quickly change between various export grades and domestic specifications. The terminal also includes two truck loading bays that can throughput 20,000 barrels per day, a barge loading dock capable of loading 5,000 barrels per hour on inland and offshore barges, and a vessel dock capable of loading up to 10,000 barrels per hour on Aframax-size chemical tankers and medium range vessels.
President and CEO of Jefferson, Greg Binion said: “We are excited to commence operations with our partner, one of the largest ethanol producers and traders in North America. The joint venture created infrastructure at Jefferson Beaumont to distribute ethanol to worldwide markets. Green Plains Trade Group will be a customer of the terminal, which is designed to serve multiple ethanol export customers with differing specification requirements. The terminal’s multimodal capabilities and sustainable cost-advantaged logistics will contribute to the success of this joint venture.”
The joint venture leveraged the existing infrastructure at Jefferson’s Beaumont, Texas terminal and completed construction under budget in less than 12 months. Green Plains plans to offer its interest in the joint venture to its master limited partnership, Green Plains Partners, during the first half of 2018.
12th Dec 2017