CEO Monthly Issue 2 2019

28 CEO MONTHLY / ISSUE 2 2019 , Major investments made to satisfy growing demand for organic, non- organic cane and Non-GMO alcohol. Pharmco establishes largest storage capacity and supply chain capabilities for Non-GMO cane alcohol in North America Pharmco, a brand of Greenfield Global, announced it is expanding its storage capacity and supply chain capabilities at the Kinder Morgan Terminal in Carteret, New Jersey. The newly acquired storage tanks provide 800,000 gallons of dedicated storage that will serve customers supplying Non-GMO sugar cane alcohol. Pharmco’s East Coast terminal is unique in the industry and is the most substantial storage capacity for this product in North America. “We are excited to increase our cane alcohol supply chain capabilities in the United States and bring new capacity and logistics solutions to a growing number of our customers,” said Greenfield Global’s Frank Richards, Executive Vice President and Managing Director, Specialty Chemicals and Ingredients. Pharmco is in a unique position to offer customers a full logistics solution since it is one of the largest importers of Non-GMO cane alcohol in the United States. The terminal provides Pharmco with dedicated outbound capabilities by railcar or truck direct to its customers and packaging hubs. Pharmco will also continue to offer packaging from single gallon bottles to totes packaged in its Brookfield, Connecticut and Shelbyville, Kentucky plants. “This investment satisfies the growing demand by our existing customers and addresses the needs of prospective customers,” continued Richards. “We are taking the largest possible position in the marketplace. By owning our inventory and controlling the supply chain, we can provide our food, flavor and fragrance customers with the best products and service possible. “Expanding our footprint to include storage in New Jersey helps mitigate customer supply risks and eliminates business interruptions due to border issues, political unrest, or container availability in South America,” added Steve DiBenedetto, Senior Vice President of Sales and Operations. With this new capability, Pharmco will continue to provide its customers with reliable lead times and delivery anywhere in North America.