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Wednesday February 29, 2012

Sunoco’s Volney Ethanol Plant Completes First Year of Operations

Facility continues to make improvements for ongoing operations Sunoco, Inc.'s (NYSE: SUN) Fulton ethanol plant announced the successful completion of a first full year of ethanol production at its Volney facility in 2011.

"We are pleased with the operations at Fulton," said Boyd Foster, Sunoco's vice-president of wholesale marketing. "We will continue to find ways to optimize the plant to deliver ethanol and distillers grain to our customers in 2012 and beyond."

After investing over $24 million prior to starting up the facility in 2010, Sunoco made additional investments in 2011 to enhance reliability and add a second ethanol loading rack. Moreover, Sunoco added a corn oil extraction system which successfully started-up in December.

This year's capital spending plan includes productivity, reliability and environmental projects that will add value and continue to improve operations at the facility.

Sunoco's Fulton ethanol plant is an 85 million gallon per year facility, which began production in June 2010. It is responsible for supplying part of the Sunoco retail network's ethanol needs in addition to the ethanol that is blended to make Sunoco Green E15, the official fuel of NASCAR.

Ethanol produced at Fulton is also sold to other terminals across New York for gasoline blending. In addition to ethanol, Fulton produces high quality dry distillers grains that are sold to farmers as feed for livestock.

Sunoco is a leading logistics and retail company. The company owns the general partner interest of Sunoco Logistics Partners, LP (NYSE: SXL), which consists of a 2 percent ownership interest and incentive distribution rights, and owns a 32 percent interest in the partnership's limited partner units.

Sunoco Logistics is an owner and operator of complementary pipeline, terminal and crude oil acquisition and marketing assets. Sunoco also has a network of approximately 4,900 retail locations in 23 states.