Houston, Texas-based Kinder Morgan Energy Partners, L.P. will invest $106 million to purchase approximately 20 acres adjacent to its Pasadena, Texas terminal, build nine new tanks with a storage capacity of 1.2 million barrels at its Galena Park terminal under long-term customer agreements, and construct a new barge dock that is expected to help relieve current barge congestion in the Houston Ship Channel.
The purchased acreage will be used to support a future crude condensate and refined products terminal capable of handling 10 150,000-barrel tanks with a connection to the Explorer Pipeline. The new barge dock, which will enhance existing infrastructure at the Pasadena terminal, will provide addition capacity to handle up to 50 barges per month.
