Magellan, Poet to study U.S. ethanol pipeline

Reuters
Mon Mar 16, 2009 10:31am EDT

NEW YORK, March 16 (Reuters) - Magellan Midstream Partners (MMP.N) said on Monday it had signed a joint agreement with Poet, the largest U.S. ethanol producer, to study building a dedicated pipeline to carry the biofuel from the U.S. Midwest into the Northeast.

The proposed $3.5 billion pipeline system would gather ethanol from distilleries in Iowa, South Dakota, Minnesota, Illinois, Indiana and Ohio to serve terminals in major Northeastern markets.

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