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1/13/2009
Rail News: Rail Industry Trends
Innovation Fuels acquires rail-served terminal at Milwaukee port
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Innovation Fuels Inc. recently purchased a former Shell Oil terminal at the Port of Milwaukee. The company plans to use the facility to produce and ship biodiesel.
The 10-acre terminal is served by Canadian Pacific Railway and Union Pacific Railroad, has access to barges via the Mississippi River and ships via the St. Lawrence Seaway, and is situated near major highways. The terminal features a 20,000-square-foot warehouse, offices, and rail and truck loading facilities.
“This acquisition provides Innovation Fuels with direct, deep-water access to lucrative Great Lakes and Northeast markets, as well as to international ports,” said Innovation Fuels Chief Executive Officer John Fox in a prepared statement.
Innovation Fuels also operates biodiesel production facilities at other U.S. ports.
The 10-acre terminal is served by Canadian Pacific Railway and Union Pacific Railroad, has access to barges via the Mississippi River and ships via the St. Lawrence Seaway, and is situated near major highways. The terminal features a 20,000-square-foot warehouse, offices, and rail and truck loading facilities.
“This acquisition provides Innovation Fuels with direct, deep-water access to lucrative Great Lakes and Northeast markets, as well as to international ports,” said Innovation Fuels Chief Executive Officer John Fox in a prepared statement.
Innovation Fuels also operates biodiesel production facilities at other U.S. ports.