Additional capacity plans announced
Kinder Morgan announces land purchase, plans to construct dock and expand terminal capacity on Houston Ship Channel.
Kinder Morgan Energy Partners, L.P. announced it will invest$106 millionto purchase approximately 20 acres adjacent to itsPasadena, Texas, terminal, build nine new tanks with a storage capacity of 1.2 million barrels at itsGalena Parkterminal under long-term customer agreements, and construct a new barge dock that is expected to help relieve current barge congestion in the Houston Ship Channel.
The purchased acreage will be used to support a future crude condensate and refined products terminal capable of handling 10 150,000-barrel tanks with a connection to the Explorer Pipeline. The new barge dock, which will enhance existing infrastructure at thePasadenaterminal, will provide additional capacity to handle up to 50 barges per month.
“We are excited to add this new infrastructure that will enhance the largest petroleum storage facility inNorth Americabenefiting both our base and new customers,” saidJohn Schlosser, president ofKinder MorganTerminals.
Kinder Morgan Energy Partners, L.P. is a leading pipeline transportation and energy storage company and one of the largest publicly traded pipeline limited partnerships in America. It owns an interest in or operates approximately 51,000miles of pipelines and 180terminals.
Source: Kinder Morgan
