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POET, Magellan Cancel 1,800-Mile Ethanol Pipeline Project, an Industrial Info News Alert

SUGAR LAND, TX — (Marketwire) — 01/24/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — POET LLC (Sioux Falls, South Dakota) and (NYSE:MMP) (Tulsa, Oklahoma) have cancelled plans to install an 1,800-mile ethanol pipeline that was to transport fuel ethanol from the Midwest to Northeastern markets. The companies have cited lack of funding from the Department of Energy as the reason for cancelling the project.

Other companies featured: (NYSE:KMP)

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