SOURCE: Industrial Info Resources

Industrial Info Resources

October 11, 2011 06:30 ET

Magellan Midstream Backs Off 1,800-Mile Midwest-to-Northeast Ethanol Pipeline, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Oct 11, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Magellan Midstream Partners LP's (NYSE:MMP) (Tulsa, Oklahoma) aggressive plan to construct a $4 billion, 1,800-mile ethanol pipeline from the Midwest to the Northeast has stalled. The company and partners were unable to secure funding from the U.S. Department of Energy and have put the project on hold. The pipeline would have run through South Dakota, Minnesota, Iowa, Illinois, Indiana, Ohio, Pennsylvania and New Jersey.

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