Tallgrass Energy announces binding agreement surrounding refining complex and liquids terminal
A proposed pipeline would serve both the St. James complex and Plaquemines Liquids Terminal in Louisiana.
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As the EPA finalises ethanol volumes for 2019 and biodiesel volumes for 2020 under the Renewable Fuel Standard, the American Petroleum Institute urged the agency to protect consumers from the ethanol blendwall and to continue to reject efforts by some to reallocate volumes from small refinery exemptions.
The API’s latest statistical report shows that October demand was the strongest since 2006.
The agreement was accompanied by the launch of engineering studies on the project.
Tolling, supply and offtake covered under the agreement.
The transaction represents approximately 20% of Green Plains’ reported ethanol production capacity.
Most of the plant’s equipment will be transferred to other Green Plains facilities.
The feedstock for the fuel is derived from recycled waste plastics.
The California biorefinery will produce approximately 75 000 gal./yr of bioethanol.
The private equity firm has announced its first Fund IV investment in a Texas coatings provider.
