Green Plains Partners and Delek US to Build Ethanol Terminal

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Green Plains Partners LP
GPP
and Delek US Holdings, Inc.
DK
today announced plans to form a 50:50 joint venture to build an ethanol unit train terminal in Maumelle, Arkansas on the Union Pacific rail line. The project is expected to cost approximately $12 million and be completed during the fourth quarter of 2016. "We are pleased to move forward with the partnership's first organic growth project with a strategic downstream partner," said Todd Becker, president and chief executive officer at Green Plains Partners. "When completed, this new terminal will allow ethanol to be delivered more efficiently into the Little Rock and surrounding markets. This certainly will give the joint venture a platform upon which to build." The terminal will be capable of unloading 110-car unit trains in less than 24 hours and initially include storage for approximately 4.2 million gallons of ethanol. Green Plains Partners and Delek US will jointly operate the terminal. Mayor Mike Watson of Maumelle added, "The investment by Green Plains Partners and Delek US is a positive economic development opportunity for both the city of Maumelle and surrounding Little Rock area."
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