Magellan Midstream Partners picked to develop fuel storage project at Port Everglades
10.08.2009 - NEWS
A Broward County panel Tuesday picked Magellan Midstream Partners to develop and operate a fuel storage project at Port Everglades, reversing a months-old decision. The selection committee chose former runner-up Magellan for the project, replacing former top pick Cepemar World Renewable Fuels, an affiliate of a Brazilian company. The County Commission now must consider the new choice.

Officials described the reversal as unusual. County Commissioner John Rodstrom Jr., whose vote Tuesday helped tip the scales, said he recalled only one other re-ranking in his 17 years on county panels.
The contract snag has delayed Broward’s push to turn Port Everglades into an ethanol hub at a time when Florida has mandated all gasoline contain 10 percent ethanol by 2010. Florida does not make ethanol, so it must bring it from other states and countries.
Magellan, known for work on petroleum pipelines and terminals, plans to invest at least $80 million at Port Everglades to tear down former molasses tanks and build larger storage to handle gas, diesel and ethanol. It will provide tanks for an initial 350,000 barrels of ethanol but can expand space for the bio-fuel as demand rises, said Bruce Heine, director of government and media affairs.
Cepemar had offered to spend at least $35 million to fix and expand tanks to handle mainly ethanol, a biofuel it said would not displace products imported by other port clients.
Once a contract is negotiated, the winner is expected to take at least a year to develop the fuel storage project, with operations not likely before mid-2011.

Hengli Petrochemical Establishes a Trading Subsidiary in Dubai as Part of Expansion
02.09.2026 - NEWS
February 09, 2026 [Offshore Engineer]- Hengli Group, the parent company of China’s Hengli P... Read More
Romania Lines Up €1 Billion Battery Storage Build After Government Deal
02.09.2026 - NEWS
February 09, 2026 [Oil Price]- Privately held MASS Group Holding plans to invest more than €1 b... Read More
RWE Explores Buying LNG from ADNOC as Germany Moves to Diversify Supply
02.09.2026 - NEWS
February 09, 2026 [Reuters]- RWE signed a provisional agreement on Friday with Abu Dhabi National... Read More
Greek Joint Venture Seeks 20-Year US LNG Deal to Strengthen Southern Europe’s Gas Supply
02.09.2026 - NEWS
February 09, 2026 [Reuters]- Atlantic Sea LNG Trade, a joint venture between Greece’s gas s... Read More