A new company being formed in Manly in north-central Iowa hopes to become a main terminal for distributing ethanol. Company president Lee Kiewiet says the Manly Terminal will offer 20-million gallons of storage capacity and access to trucking and a rail line.
Kiewiet says this allows them to bring in the product from producers who are tied to a single local rail line. He says they can bring the product in, store it, sell it to other producers. Kiewiet says the terminal will be able to put together multi-car trains to ship out the ethanol. He says you get a better rate from the railroad if you can put a multi-car train together, and he says it allows them to turn the cars around quicker.
Kiewiet says Manly is centrally located in the U.S. and gives producers a variety of options in shipping and selling their product. Kiewiet says it allows the producer who is stuck on one railroad that only goes south or west to ship to areas that ship north or east. He says producers can then ship to the areas where they’ll get the best price for their products.
Kiewiet says they hope to get the terminal construction underway very soon. He says they hope to break ground next month and will work on the terminal throughout the winter. Kiewiet says they should be transporting and loading the product by April. Kiewiet says the company is putting some 10-million dollars into the project.