Elbow River Marketing Ltd. Announces Exclusive Long-Term Terminalling Services Agreement at Three Midwest Propane Terminals
Calgary | Monday, April 29, 2019
CALGARY, Monday, April. 29, 2019 – Elbow River Marketing Ltd. (“Elbow River” or “the Company”) announced that effective May 1, 2019, it has entered into a long-term terminalling services agreement ("the Agreement") with Plains LPG Services, L.P. (“Plains”) whereby the Company will have exclusive use of the Plains propane terminals in Cordova, Illinois, Hankinson, North Dakota and Owen, Wisconsin. The Agreement includes over 120 million gallons of annual throughput capacity across the three terminals as well as rail offloading, on-site storage and truck loading at each facility. Plains will continue to own and operate each of the terminals.
"We are excited to expand our existing LPG presence in the United States Midwest" said Craig Clark, President of Elbow River. "The company will continue to lever its existing relationships to safely and cost-effectively bring reliable propane supply to the region. We look forward to enhancing the supply opportunities of all Elbow River customers both old and new alike for many years to come."
About Elbow River
Calgary-based Elbow River Marketing is a leading marketing and transportation service provider that has been serving North America's energy industry for over 35 years. With offices in Minneapolis, Kansas City, Nashville, and Mexico City, Elbow River manages an integrated system of railcars, trucks and pipelines that transport LPG, crude oil, gasoline, diesel, and other energy products derived from natural gas and hydrocarbons. Additionally, the company provides carbon compliance credits, renewable energy credits and other offset instruments to assist its customers in managing their environmental impacts. Elbow River's commercial operations allow it to offer a full spectrum of transportation and marketing services to the energy sector. It is committed to working with its partners, community and neighbours, while providing value for investors in a safe, environmentally responsible manner. Elbow River is a wholly owned subsidiary of Parkland Corporation, Canada’s largest independent fuel marketer. Parkland’s common shares trade on the Toronto stock exchange under PKI. For more information, visit www.elbowriver.com.