February 19, 2008 / 2:12 PM / 10 years ago

Magellan Midstream, Buckeye study ethanol pipeline

NEW YORK (Reuters) - Magellan Midstream Partners LP and Buckeye Partners LP said on Tuesday they have begun a joint assessment on whether to build an ethanol pipeline that would run from the Midwest to the Northeastern United States.

The proposed pipeline with a preliminary cost estimate of over $3 billion would span about 1,700 miles and take several years to build.

Upon completion, the pipeline could have the capacity to supply more than 10 million gallons of ethanol per day, gathering ethanol from production facilities in Iowa, Illinois, Minnesota and South Dakota to serve terminals in major markets such as Pittsburgh, Philadelphia and New York, the companies said.

Reporting by Lisa Lee, editing by Gerald E. McCormick

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