Kinder Morgan Energy Partners LP (KMP)has announced major expansions at its liquids terminals in Texas to help meet the growing need for more refined products storage capacity along the Gulf Coast.
The company plans to invest around $195 million in a number of projects, including new storage tanks at its Pasadena and Galena Park terminals on the Houston Ship Channel, an additional cross-channel pipeline between the two terminals, a new ship dock at Galena Park, and an additional bay at the company's Jefferson Street truck-rack facility.
Under an agreement with Green Earth Fuels, Kinder Morgan will build six tanks at Galena Park solely for the purpose of storing biodiesel. KMP will receive a fee for storing and transferring the alternative fuel.
Construction of the new projects will begin in September and all are expected to be completed by the spring of 2008.