Houston, Texas – A U.S. pipeline company has announced a new venture into terminals that will create a nationwide distribution network of ethanol handling facilities connected by rail, marine, truck and pipeline. Kinder Morgan Energy Partners (KMP) has purchased three unit train ethanol handling terminals in New Jersey, Maryland and Texas.
The company said that with the three new terminals and its existing ethanol terminal assets, it expects to handle in excess of 218,000 barrels per day of ethanol in 2010. The terminals were acquired from U.S. Development Group; the network will operate under a joint venture of the two companies.
“This new network will give our combined customers unparalleled access to major markets across the country,” said KMP president Jeff Armstrong.