Manly Terminal co-owner slams idea of loan guarantees

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MASON CITY — Granting federal loan guarantees to support a proposed $3 billion ethanol pipeline would be an “unconscionable act,” according to a partner in the Manly Terminal, a competitor of the new venture.

Mason City is considered a likely hub for a proposed pipeline that would ship ethanol from Iowa to the East Coast in a joint project of Magellan Midstream Partners, Tulsa, Okla., and Buckeye Partners, Breinigsville, Pa.