In the United States (US), Harvestone Group LLC, a global commodity merchant focused on the biofuels sector has announced the continued expansion of its marketing, logistics, and trading platform with the acquisition of Gateway Terminals LLC, a bulk liquid terminal complex located on the banks of the Mississippi river in Sauget, Illinois (IL).
According to a statement, the terminal was originally built in 2008 and includes 400 000 barrels of tank capacity. The facility is multimodal with truck, rail, and barge loading and unloading capabilities with access to several Class I railroads.
Harvestone’s team and shareholders are excited about this acquisition as it strengthens our position in key supply chains to continue the expansion of our marketing and trading business, both domestically and globally. With over 1 billion gallons now flowing through the Harvestone platform, we have multiple sources of product to connect through Gateway Terminals, creating enhanced economics for both our producer partners and end-user customers. Since its inception, we have been expanding across the United States and Canada, and this strategic facility cements our place in some key supply chains with tremendous optionality, said Kevin Stewart of Harvestone.
Harvestone’s unique business model, long-term ethanol production partnerships, and access to capital in conjunction with this accomplishment continue the momentum the company has been building on for the last three years.