Kinder Morgan proceeds with terminal redevelopment
Kinder Morgan’s redevelopment project at its terminal in Carteret, New Jersey, is approximately 15% complete.
The company is adding new petrol/ethanol blending systems and storage facilities in a $60 million (€43.4 million) project.
The seven blending tanks will allow for about 1.035 million barrels of storage, making the Carteret facility the energy giant's second-largest liquids terminal, ranking behind only a company facility in Texas.
Three of the tanks are to be completed by early next summer and the remaining four by the end of 2011.
The company is adding new petrol/ethanol blending systems and storage facilities in a $60 million (€43.4 million) project.
The seven blending tanks will allow for about 1.035 million barrels of storage, making the Carteret facility the energy giant's second-largest liquids terminal, ranking behind only a company facility in Texas.
Three of the tanks are to be completed by early next summer and the remaining four by the end of 2011.
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