Magellan Midstream Backs Off 1,800-Mile Midwest-to-Northeast Ethanol Pipeline, an Industrial Info News Alert

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Source: Marketwire

SUGAR LAND, TX -- (Marketwire) -- 10/11/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Magellan Midstream Partners LP's (NYSE:MMP) (Tulsa, Oklahoma) aggressive plan to construct a $4 billion, 1,800-mile ethanol pipeline from the Midwest to the Northeast has stalled. The company and partners were unable to secure funding from the U.S. Department of Energy and have put the project on hold. The pipeline would have run through South Dakota, Minnesota, Iowa, Illinois, Indiana, Ohio, Pennsylvania and New Jersey.

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