HOUSTON (Houston Business Journal) – Kinder Morgan Energy Partners LP has announced plans to build a petroleum condensate processing facility near the company’s existing terminal on the Houston Ship Channel.
The locally based pipeline company said it will spend about $130 million on the project, which it will own and operate. The facility is expected to be completed in January 2014.
When completed, the plant will have an initial throughput of 25,000 barrels of oil per day, with the ability to process up to 100,000 barrels per day in the future.
The announcement comes on the brinks of the company’s $220 million pipeline that will transport crude from the Eagle Ford Shale in South Texas to the Houston Ship Channel. The line is scheduled to be completed by mid-2012.