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Business
Another Terminal Expansion Planned
by Alexander H. Tullo
April 8, 2013
| A version of this story appeared in
Volume 91, Issue 14
Kinder Morgan Energy Partners is investing $58 million to expand its liquids terminal in Geismar, La. The company says the investment is meant to support Methanex’ relocation of a methanol plant from Chile to Geismar. Both the relocation and the expansion are expected to be complete by the end of next year. “The abundance of attractively priced domestic natural gas has led to a resurgence in the chemical and manufacturing industries,” says Kinder Morgan Terminals President John W. Schlosser. Last month, Mitsui and Katoen Natie announced investments totaling $300 million in U.S. chemical terminals.
The power is now in your (nitrile gloved) hands
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