$106M crude, yet refined, terminal at Houston Ship Channel$106M crude, yet refined, terminal at Houston Ship Channelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=73852013-05-15T10:16:00Z2013-05-15T08:30:00Z

PASADENA - Kinder Morgan Energy Partners LP is investing $106 million to purchase additional land, construct a dock and expand its capacity on the Houston Ship Channel.

The purchase includes about 20 acres adjacent to its terminal in Pasadena, with plans to build nine new tanks with storage capacity of 1.2 million barrels at its Galena Park terminal, and build a new barge dock to relieve barge congestion in the Houston Ship Channel.

The acreage will support a future crude condensate and refined products terminal. The new barge dock will enhance existing infrastructure at the Pasadena terminal and will provide capacity to handle up to 50 barges each month.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2013/05/13/kinder-morgan-invests-106m-at-houston.htmlRead more at {Source}

 Search NewsTalk Texas