Eco-Energy and Utica Energy Announce a Multi Service Margin Management Agreement
Agreement manage the corn and ethanol of Utica’s 50 million gallon per year ethanol production facility in Oshkosh, Wisconsin.
FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy, a leading bio-fuel supply chain company, announced today the execution of a three-year integrated margin management agreement with Utica Energy to manage the corn and ethanol of Utica’s 50 million gallon per year ethanol production facility in Oshkosh, Wisconsin.
“We are pleased to be expanding our partnership with the great team at Eco-Energy”
“We are pleased to be expanding our partnership with the great team at Eco-Energy,” stated Bryan Cieslak, President of Utica Energy. “We see tremendous value in Eco’s integrated platform which provides systematic risk management, optimization of available storage, and transparent ethanol marketing, all coordinated towards effective margin management. We have ultimately streamlined the way we do business and expanded our risk management capabilities because of Eco-Energy’s integrated platform. I am excited about this partnership.”
“Eco-Energy is excited to enhance our service offering to our long time partners at Utica Energy,” stated Chad Martin, CEO of Eco-Energy. “This is another area in the supply chain where we have proven we can add value to our partner’s ethanol operations. We remain dedicated to the ethanol industry and continue to invest in our company, our people, and our systems, which puts us in a position to excel at these integrated services in conjunction with our partners. We are very pleased that Utica Energy has selected us as their preferred partner.”
About Eco-Energy, Inc.
Eco-Energy is an integrated bio-fuel supply chain company focused on the marketing, trading, transportation, and distribution of bio-fuels across the globe. Eco-Energy is among the largest full-service marketing companies in North America with over $3.0 billion in sales and handling nearly 10% of the bio-fuels market. By leveraging Eco-Energy’s core competencies in logistics, distribution, and trading, Eco-Energy is able to provide innovative, value-added solutions for a more stable, disciplined, and vertically integrated supply chain.