US Kinder Morgan, TransMontaigne to expand Houston oil terminal

05 June 2013 20:48  [Source: ICIS news]

HOUSTON (ICIS)--Kinder Morgan and TransMontaigne Partners are investing $54m (€41m) to expand capacity by 900,000 bbl at their joint venture oil terminal that is being built on the Houston Ship Channel, the US companies announced on Wednesday.

The expansion at the Battleground Oil Specialty Terminal Company (BOSTCO) site includes six 150,000 bbl ultra-low sulphur diesel tanks, as well as additional pipeline, deepwater vessel dock access and high-speed loading, the companies said.

Announced in November 2011, the BOSTCO oil terminal will begin commercial operations in the third quarter of 2013.

Work on the expansion project is scheduled to start in the second quarter of 2013, with commercial operations expected to begin in the fourth quarter of 2014.

Once completed, the BOSTCO site will have a capacity of 7.1m bbl and will include 57 tanks to store ultra-low sulphur diesel, residual fuels and other black oil terminal services, the companies said.

Kinder Morgan owns a 55% stake in the BOSTCO complex and will be the operator. TransMontaigne has a 42.5% interest in the facility.

In May, Kinder Morgan announced it is investing $106m to purchase land near its Pasadena terminal to build nine new tanks and a new barge dock.

($1 = €0.76)

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By: Tracy Dang
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