Kinder Morgan to boost Argo infrastructure to help reduce ethanol glut

In Illinois, Reuters reports that in an effort to slow falling ethanol prices as a result of a supply glut and in response to ADM flooding the benchmark Argo terminal since late 2017, Kinder Morgan will expand its barge-loading capacity to help increase the flow of ethanol towards coastal markets with higher prices. The number of barges able to load will be at least doubled, perhaps as soon as the end of the year, and the company will also invest in additional 50,000-barrels of storage at its nearby Stony Island facility.