Training | 2010.01.19
Kinder Morgan Announces $195 Million Acquisition and New Ethanol Venture
HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced a terminal venture designed specifically to handle renewable fuels. The transaction includes KMP’s acquisition of three unit train ethanol handling terminals in Linden, N.J., Baltimore, Md., and Dallas, Texas, from U.S. Development Group (USD), and the formation of a joint venture to coordinate access to these terminals, other assets KMP already owns and operates, and other projects under development.
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