June 27, 2011 [Eco-Energy] - Eco-Energy, Inc. announced Monday its operating entity, Eco Distribution Charlotte, along with minority partner Charlotte Terminal 1, Inc., will reopen the petroleum storage and sales terminal located at 7720 Old Mt. Holly Road in Charlotte, NC.
“Eco-Energy has been active in the ethanol industry for over 20 years and we are excited to expand our distribution footprint into the petroleum terminal side of the business,” says Paul Melgaard, Vice President of Fuels Supply for Eco-Energy, Inc. “Eco will convert the Charlotte terminal into a first-class operation from which we will build our fuel distribution business. We are convinced Charlotte is the ideal entry point for our expansion; it is a rapidly growing community, is home to many high-quality fuel retailers, and Eco-Energy currently markets ethanol in Charlotte. We look forward to the reopening of this terminal,” says Melgaard.
“The opening of this terminal will enable Eco-Energy to get further down the bio-fuel supply chain, diversify the company’s revenues, and set the foundation for a more vertically integrated platform for growth,” says Eco-Energy CEO Chad Martin.
About Eco-Energy
Eco-Energy is a prominent midstream alternative energy company focused on the marketing, trading, transportation, and distribution of bio-fuels across the globe. Eco-Energy is one of the largest full-service marketing companies in North America with over $2.0 billion in sales and handling nearly 10% of the bio-fuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and integrated bio-fuels supply chain.
