ST. PAUL, Minn., Oct. 31, 2014 /PRNewswire/ -- CHS (NASDAQ:
CHSCP), a leading energy, grains and foods company and the nation's
leading farmer-owned cooperative, is nearing completion of a new
propane rail terminal in Hixton,
Wis., in time to meet demand for the upcoming heating
season. An open house event was held on October 30 to mark the occasion.
"On behalf of Governor Walker, I want to thank CHS for investing
in Wisconsin. The new terminal
that CHS and Federation Cooperative have built in west central
Wisconsin will be a major asset in
bringing more propane into the state this winter," said
Chris Schoenherr, Deputy Secretary
of the Wisconsin Department of Administration.
The new terminal is owned by CHS and operated by Federation
Cooperative of Black River Falls,
Wis. Served by the CN railroad, the terminal will initially
have 360,000 gallons of storage, the ability to unload six railcars
every 4.5 hours, and two truck loading bays capable of loading six
trucks per hour. The secure terminal, which uses modern automation
and safety technologies, will be completed in mid-November.
"CHS invested in this terminal as part of a broader $24 million investment to develop a robust supply
network for propane marketers in the Northern Tier region affected
by the Cochin pipeline reversal,"
according to Drew Combs, CHS vice
president of propane. "Our goal is to help marketers serve
homeowners, farms and businesses with a safe, reliable supply of
propane, and to position our customers for future growth while
adding value for our member owners," says Combs.
CHS has an 80-year history as a dependable supplier of propane
and related equipment.
To view aerial video of the terminal while under construction,
go to: http://alturl.com/pvahg.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned
by farmers, ranchers and cooperatives across the United States. Diversified in energy,
grains and foods, CHS is committed to helping its customers,
farmer-owners and other stakeholders grow their businesses through
its domestic and global operations. CHS, a Fortune 100 company,
supplies energy, crop nutrients, grain marketing services, animal
feed, food and food ingredients, along with business solutions
including insurance, financial and risk management services. The
company operates petroleum refineries/pipelines and manufactures,
markets and distributes Cenex® brand refined fuels,
lubricants, propane and renewable energy products.
This document contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
that are based on management's current expectations and
assumptions. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from the potential results discussed in the
forward-looking statements. The company undertakes no obligations
to publicly revise any forward-looking statements to reflect future
events or circumstances. For a discussion of additional factors
that may materially affect management's estimates and predictions,
please view the CHS Inc. annual report filed on Form 10-K for the
year ended Aug. 31, 2013, which can
be found on the Securities and Exchange Commission web site
(www.sec.gov) or on the CHS web site www.chsinc.com.
Photo - http://photos.prnewswire.com/prnh/20141031/155818
SOURCE CHS Inc.