Elbow River Marketing USA LTD. announces acquisition of Midwest propane terminals from Plains LPG Services, L.P.

Calgary, Alberta – January 22, 2021 – For Immediate Release

CALGARY, January 22, 2021 – Elbow River Marketing USA LTD. (“Elbow River” or “the Company”) announced that effective January 22, 2021, it has entered into a definitive agreement ("the Agreement") with Plains LPG Services, L.P. (“Plains”) relating to the acquisition of propane terminals (“the Terminals”) in Hankinson, North Dakota and Owen, Wisconsin. The Agreement includes all assets and inventory at both locations including over 1 million gallons of above-ground storage, 105 million gallons of annual throughput capacity as well as rail offloading and truck loading infrastructure at each facility. Elbow River will take over operatorship of the Terminals upon closing of the Agreement.

“This LPG acquisition begins a new era of asset ownership for our company” said Craig Clark, President of Elbow River. “The company will use these assets, as well as our other marketing locations in Barron, WI, Keenan, MN and Cordova, IL, as an opportunity to safely and cost-effectively bring reliable propane supply to the United States Midwest. We look forward to enhancing the supply opportunities for all Elbow River customers now and for the foreseeable future”.

Elbow River will exclusively supply and market propane at the Terminals utilizing its existing railcar fleet and expansive market knowledge.

All inquiries regarding this or other Elbow River operations should be directed by email to info@elbowriver.com or by phone at 403-232-6868