Global Partners completes $95 million purchase of Portland ethanol facility

February 19, 2013 |

In Oregon, Global Partners announced the completion of its acquisition of 100% of the membership interests of Cascade Kelly Holdings LLC, a West Coast crude oil and ethanol facility near Portland. The transaction includes a rail transloading facility serviced via short-line track by the BNSF Railway, 200,000 barrels of storage capacity, a deepwater marine terminal with access to a 1,200-foot leased dock and the largest ethanol plant on the West Coast. Situated along the Columbia River in Clatskanie, Oregon, the site is located on land leased under a long-term agreement from the Port of St. Helens. The purchase price, subject to post-closing adjustments, was approximately $95 million.

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.