$170 Million Expansion Projects Announced by Kinder Morgan

Kinder Morgan is planning to invest $170 million in several expansion projects along the Houston Ship Channel.

"The announced improvements only serve to enhance our position as the market-leading refined petroleum products storage hub on the U.S. Gulf Coast," Kinder Morgan President of Terminals John Schlosser said.

The expansion projects includes $125 million investment to boost pipeline connections and speed up loading at its Pasadena Terminal and the nearby Jefferson Street Truck Rack. A butane-on-demand blending system for 25 storage tanks at its Galena Park Terminal will be build using another $45 million.

Schlosser added, "This offers our customers unmatched supply optionality and liquidity and modal efficiencies as they aim to maximize storage and blending economics and access domestic and global energy markets in the most cost effective manner possible."

Source:
chron