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Rail News: Norfolk Southern Railway
Eco-Energy acquires NS-served Stone Mountain rail terminal
Eco-Energy, a biofuel and natural gas marketing supply chain company, has acquired the Stone Mountain processing facility and rail terminal in the southern Appalachian region.
The Stone Mountain assets were acquired from Continuum Energy Services for an undisclosed sum.
Stone Mountain's gathering system is made up of over 600 miles of gathering pipelines that span Kentucky, Tennessee and Virginia. The system has a design capacity for 60,000 million cubic feet per day (Mcf/d) and collects gas from over 800 wells that supply the cryogenic processing facility before connecting with the East Tennessee pipeline, Eco-Energy officials said yesterday in a press release.
The cryogenic processing plant has capacity of 25,000 Mcf/d with a pipeline connection to the Stone Mountain liquids terminal. The liquids terminal is designed to handle y-grade, propane and butane, and has 24 rail-car spots with access to Norfolk Southern Railway.
"Stone Mountain will be a strategic foothold in the Southern Appalachian market that complements our commercial marketing platform," said Brian Simpson, Eco-Energy's executive vice president of development.
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