POET, Magellan Cancel 1,800-Mile Ethanol Pipeline Project, an Industrial Info News Alert

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Source: Marketwire

SUGAR LAND, TX -- (Marketwire) -- 01/24/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- POET LLC (Sioux Falls, South Dakota) and Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) have cancelled plans to install an 1,800-mile ethanol pipeline that was to transport fuel ethanol from the Midwest to Northeastern markets. The companies have cited lack of funding from the Department of Energy as the reason for cancelling the project.

Other companies featured: Kinder Morgan Energy Partners LP (NYSE:KMP)

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