NEW YORK Kinder Morgan
Energy Partners LP is planning to invest $106 million in
The funds will be used to buy 20
acres of land adjacent to its terminal in Pasadena, Texas;
build nine new tanks at its terminal in Galena Park, Texas,
with a storage capacity of 1.2 million barrels; and construct a
new barge dock that is expected "to help relieve current barge
congestion in the Houston Ship Channel," the company said.
"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 Houston-based company said, adding that
the barge dock will provide additional capacity to handle up to
50 barges per month.