KMP to expand by two US Gulf terminals

10 July 2007 22:54  [Source: ICIS news]

HOUSTON (ICIS news)--Kinder Morgan Energy Partners (KMP) said on Tuesday it will acquire a US Gulf coast terminal and build another in a $41m (€30m) expansion project.

KMP said it will acquire a liquids terminal from Royal Vopak in Westwego, Louisiana.

The Vopak facility has 19 tanks and capacity of about 750,000 bbl that can be used to store biodiesel, ethanol, vegetable oil and other liquid products, KMP said.

The company will also build a terminal that will include liquid storage, transfer and packaging facilities in Geismar, Louisiana. The terminal will handle inbound and outbound material via pipeline, rail, truck, barge and vessel, the company said.

Construction of the terminal began in March and was expected to be complete by the fourth quarter of 2008.

KMP is a US energy transportation and storage company. The company operates 150 terminals and some 26,000 miles (42,000 km) of pipelines that transport natural gas, gasoline and crude oil.

KMP terminals are used to store petroleum products and chemicals.

($1 = €0.73)

By: William Lemos
+1 713 525 2653

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