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Kinder Morgan Pumping $41M More Into Coast

GEISMAR, LA-The oil and gas company will build a terminal on ground-leased land in one city and buys a rail-served existing facility about 60 miles to the southwest.

By Amy Wolff Sorter | Updated on July 12, 2007

(Read more on the industrial market.)

GEISMAR, LA-In an effort to expand its Gulf Coast operations, Kinder Morgan Energy Partners LP is building a terminal on ground-leased land and has acquired another facility in Bridge City to add to its storage and transportation muscle. The combined acquisition and expansion has a $41-million price tag.

A Kinder Morgan spokeswoman tells GlobeSt.com that the Geismar terminal will be built on land leased from Rubicon LLC, a polyurethane manufacturer that has a plant on the site. The rail-served terminal, which broke ground in the 9100 block of State Hwy. 75, will consist of a 140,000-sf warehouse as well as transfer and packaging facilities to handle and store chemicals. Details about the lease and amount of leased acreage weren’t available. The terminal, though, is slated for completion in fourth quarter 2008.

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