Kinder Morgan

KM has big plans for Texas

Kinder Morgan Energy Partners is to build nine new storage tanks at its Galena Park terminal in Texas, adding 1.2m bbl (190,000 m3) of new capacity to handle long-term contracts.

Send in the tanks

EXPANSION The annual HCB roundup of global terminal expansion and construction projects sees refinery closures continuing to cause a structural shift in terminal demand, while nervousness over the future rate of economic recovery is keeping a lid on optimism

Terminal by the sea

KM terminals flat

Kinder Morgan Energy Partners has reported first-quarter sales up 24% over the same period last year, with distributable cash flow up 19% at $550m.

KM adds methanol at Geismar

Kinder Morgan is planning to invest some $58m to expand methanol storage capacity at its Geismar site in Louisiana, following signing of a long-term contract with Methanex Corp.

Crude boys

RAIL US shale formation energy production continues to drive rail, terminal and storage infrastructure growth at staggering levels

Rail tanks set against snowy backdrop

KW to build crude-by-rail facility in Houston

KW Express LLC has entered into a long-term agreement with Mercuria Energy Trading to construct a 210,000 bpd crude-by-rail project at the Greens Port Industrial Park on the Houston Ship Channel.

KM forges ahead

Kinder Morgan has reported distributable cash flow of $495m for the fourth quarter 2012, up 16% on the 2011 figure.

KM to extend Houston facilities

Kinder Morgan is planning to spend $170m on acquiring new land on the Houston Ship Channel to expand its terminal facilities. 

KM invests in new capacity

Kinder Morgan is currently investing nearly $800m in liquid terminals projects in North America.

Kinder Morgan continues to grow

Kinder Morgan’s terminals business recorded EBITDA of $183m, up 11% on the $166m posted for the same period last year.

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