FARM BUSINESS NEWS
CHS Expanding Propane Storage
Myke Feinman Refine Fuels Reporter
Tue Apr 15, 2014 04:23 PM CDT

STREATOR, Ill. (DTN) -- CHS Inc., an energy, grains and foods company, is building 4.2 million gallons of storage capacity for propane across the upper Midwest to help mitigate propane shortages that plagued the U.S. -- especially the upper Midwest -- this past winter.

"We originally invested $18 million in rail terminals," Matt Kumm, CHS propane marketing manager, told DTN Tuesday afternoon. "After this season, we took a look and said 'storage is very important' at all levels. We expanded to $24 million with the extra $6 million devoted to storage alone."

Triggering the original expansion plans was news last ...

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