Tennessee-based Harvestone Group has acquired Gateway Terminals, a bulk liquid terminal complex on the banks of the Mississippi River in Sauget, Illinois.
The terminal was originally built in 2006 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 1 railroads.
Harvestone is a global commodity merchant focused on the biofuels sector. The firm is backed by a community of producers representing one billion gallons of production capacity, in partnership with strategic commodity investors in the energy and agriculture sectors.
“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,” said Kevin Stewart of Harvestone.
“With over one 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 inception, we have been expanding across the US and Canada, and this strategic facility cements our place in some key chains with tremendous optionality.”
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