Kinder Morgan Energy Partners has entered into a long-term
contract with Methanex to support the construction of methanol storage capacity near Kinder
Morgans Geismar liquids terminal (GLT) in Geismar,
Louisiana, the company said on Monday.
Kinder Morgan will build, own and operate the storage tanks and
related infrastructure, including improvements to its existing
dock at GLT.
The assets will provide critical marine, rail and truck access
in support of the 1 million tpy methanol production plant being
relocated by Methanex from Chile.
The terminal infrastructure is expected to be in service during
the second half of 2014, coinciding with the anticipated
startup of the relocated plant.
The abundance of attractively priced domestic natural
gas has led to a resurgence in the chemical and manufacturing
industries, said John Schlosser, president of Kinder
Morgan Terminals. We are very pleased to be able to
leverage our existing footprint in Geismar in support of
Methanexs significant capital project, and look forward to
continuing to provide logistical and infrastructure solutions
for Methanex and others as the renewed industrial development
continues along the Gulf Coast and elsewhere."
In a separate deal, KMP also acquired Quality Carriers' 26-acre
terminal located in Chester, South Carolina. The 19-tank
facility currently provides storage for a single customer of
35,000 bbl and receives product by rail and distributes by
"We are also pleased to be entering the public liquid terminal
market in the greater Charlotte area and look forward to
growing that business with new chemical customers," said