Expansion at Houston Ship Channel
Kinder Morgan Energy Partners L.P. [NYSE:KMP] (Kinder Morgan) says it will spend $106 million to expand its storage capacity and build a new barge dock at the Houston Ship Channel.
The project includes building nine new tanks with a storage capacity of 1.2 million barrels under long-term customer agreements and building a new barge dock that will provide extra capacity to handle up to 50 barges per month.
"We are excited to add this new infrastructure that will enhance the largest petroleum storage facility in North America benefiting both our base and new customers," said John Schlosser, president of Kinder Morgan Terminals.
Read in full: http://shipandbunker.com/news/am/215511-kinder-morgan-expanding-houston-ship-channel-operations
