Magnum Development, LLC is a Utah-based company that is developing multiple businesses utilizing the only known Gulf Coast-style salt dome in the western US.
Magnum’s businesses include natural gas liquids (NGLs), the storage of industrial gases, compressed air energy storage (CAES) and natural gas and refined products storage.
Magnum was first funded in 2008 by Haddington Ventures, LLC, a Houston-based private equity firm that specializes in control-oriented investments in the midstream energy and infrastructure space. Magnum’s 10,000-acre site in Delta, Utah is strategically located at the crossroads of existing and developing renewable electric, natural gas and petroleum liquids infrastructure. Magnum has defined the salt dome extent and key characteristics and has secured key assets (land, minerals, water) required to support development of multiple projects.
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