Companies partner with Innovation Fuels

By Ron Kotrba | January 15, 2009
Web exclusive posted Feb. 2, 2009, at 4:24 p.m. CST

Innovation Fuels, a New York based biodiesel company, announced Jan. 27, the company is partnering with Tanco Milwaukee LLC to form Innovation Fuels Tanco Milwaukee. The new company will operate a 10-acre, 312,000-barrel (13.1-million gallon) terminal in the Port of Milwaukee. The terminal was originally built as Shell Oil's Milwaukee headquarters in the 1950s.

"The new Innovation Fuels Tanco Milwaukee hub is the first terminal in the country that is totally dedicated for the sale and distribution of renewable fuels," Innovation Fuels stated in its Jan. 27 press release.

The terminal also has an idled connection to the Westshore petroleum pipeline, which could be used to transport diesel and gas on-site for biodiesel and ethanol blending; if that occurred, the company could collect the respective federal biofuels blender's tax credits.

In addition to the 13.1 billion storage capacity, the site is equipped with a 20,000 square foot warehouse, a garage and offices.

On Jan. 22, Innovation Fuels announced it was partnering with Mitchell Supreme Fuel Co., a New-Jersey based supplier of home heating oil, to provide biodiesel-blended heating oil to the area.

"Bioheat is a great alternative fuel and we are very happy that through our relationship with Innovation Fuels we can offer clean energy to our customers throughout the region," said Deborah Fineman, president of Mitchell Supreme Fuel.
 
 
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