GROWMARK Makes Major Energy Investments

growmark-energyGROWMARK announced two major energy-related investments last month that provide benefits for the members of the Illinois-based agricultural cooperative.

First, GROWMARK acquired a propane terminal in Plattsburg, Missouri which is connected to the ONEOK pipeline, has 270,000 gallons of storage and the capability to load out two trucks at once.  GROWMARK also recently reached an agreement with Suncor to purchase 50 percent interest in UPI, Inc. in Ontario, Canada. The transaction, subject to conditions including regulatory approvals, brings GROWMARK’s ownership of UPI to 100 percent. Carroll says that it was a mutual agreement for the benefit of both parties. Suncor and GROWMARK have also entered into long-term supply agreements for GROWMARK’s petroleum needs in Ontario.

Learn more about GROWMARK’s energy outlook in this interview with Carroll. Interview with Kevin Carroll, GROWMARK Energy