Phoenix Park Gas Processors Limited (PPGPL) through its wholly owned subsidiary Phoenix Park Energy Marketing LLC (PPEM), completed its acquisition of a propane terminal located in Rush City Minnesota. The terminal was purchased from Interstate Fuel & Energy, LLC. (Interstate), a subsidiary of Interstate LLC. With this transaction, the company has recorded its third acquisition in the US in the last two years, as it pursues its vision, “to be a recognized global leader in the development of energy related businesses.” PPGPL is notably the first state company to acquire assets in North America and is well poised to grow further.
Operating under the Phoenix Park brand, PPEM is engaged in the business of marketing, trading, and transportation of natural gas liquids in Canada, USA and Mexico. With this latest acquisition, PPEM intends to increase its utilisation of the terminal and continue to grow its markets in the north-western, US.
For more information visit www.ppgpl.com
