Kinder Morgan will invest $240 million to expand its Pasadena and Galena Park, Texas, terminals, the company announced today. The project will include the construction of 2.1 million barrels of refined product storage between the two terminals. At Galena Park, Kinder Morgan will build a new ship dock capable of handling oceangoing vessels, bringing the terminal’s load rate 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 load rates on existing docks.”
