Kinder Morgan Energy Partners said this week it would spend $106 million to buy about 20 acres next to its Pasadena terminal, build nine new storage tanks and build a new barge dock that is expected to help relieve current barge congestion in the Houston Ship Channel.
The land will be used for 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 complement existing infrastructure at the Pasadena terminal, will provide additional capacity to handle up to 50 barges per month.
And the storage tanks will have a total capacity of 1.2 million barrels, under long-term customer agreements.
“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,” John Schlosser, president of Kinder Morgan Terminals, said in a statement.
Houston-based Kinder Morgan Energy Partners is one the largest publicly traded pipeline limited partnerships in the U.S.