Kinder Morgan Partners (KMP) plans to invest an additional $170M to add a second unit to a...

|About: Kinder Morgan Energy Partne... (KMP)|By:, SA News Editor

Kinder Morgan Partners (KMP) plans to invest an additional $170M to add a second unit to a petroleum condensate processing facility it is building near its Galena Park terminal on the Houston Ship Channel, after it inked a new throughput contract with BP. KMP had already unveiled plans for a $200M facility, but the new investment will raise total capacity to 100K bbl/day, with the BP contract involving 50K.