$240M to unplug terminals on Houston Ship Channel$240M to unplug terminals on Houston Ship Channelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=27692014-10-16T06:43:00Z2014-10-16T00:00:00Z

PASADENA, GALENA PARK - Kinder Morgan Energy Partners LP will invest $240 million to expand its Pasadena and Galena Park terminals.

The project will provide additional infrastructure to help meet growing demand for refined product storage and dock services along the Houston Ship Channel.

The project will include the construction of 2.1 million barrels of storage between the two terminals. The company will also construct a new ship dock capable of handling ocean going vessels and add infrastructure improvements at its Galena Park Terminal.

The project is backstopped by long-term contracts with existing customers. The new ship dock and the existing Galena Park ship docks will be capable of loading vessels at rates up to 15,000 barrels per hour.

“The new tankage will provide refined product producers and traders the ability to send more barrels to the water for international exports or to the network of pipelines for domestic use,” said John Schlosser, president of Kinder Morgan Terminals. “Kinder Morgan will now have nine ship docks on the Houston Ship Channel and will double the load rates on existing docks.”

Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $120 billion.

Houston-The Woodlands-Sugar Land
Infrastructure & Transportation
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