Kinder Morgan (KMP -0.3%) says it's investing $130M to build, own and operate a petroleum...

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

Kinder Morgan (KMP -0.3%) says it's investing $130M to build, own and operate a petroleum condensate processing facility near its Galena Park terminal on the Houston Ship Channel. The company expects the facility to have an initial throughput of 25K bpd, with expansion plans of up to 100K bpd.