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Rail News: BNSF Railway
BNSF to serve Ceres Global's new hydrocarbon transloading venture
Ceres Global Ag Corp. has established a yet-to-be-named joint venture with Steel Reef Infrastructure Corp. that will focus on transloading hydrocarbon products for transportation between the United States and Canada.
The joint venture's facilities will be located at Ceres' Northgate rail terminal in Saskatchewan, Canada, which is served by BNSF Railway Co. The joint venture will begin operations July 1, according to a Ceres press release.
The joint venture will leverage Northgate's existing rail infrastructure to make use of high-speed loading facilities and future pipeline service to provide market access for natural gas liquids (NGL) produced in the U.S. Bakken and Western Canadian Sedimentary Basin.
"The creation of the JV significantly enhances our competitiveness in the North American NGL market, a critical piece of our strategy to develop Northgate into a highly competitive transportation hub for energy products" said Ceres President and Chief Executive Officer Robert Day.
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