By Lincoln Energy
Kinder Morgan Energy Partners, LP (KMP) announced this week that it has entered into a purchase and sale agreement with Lincoln Energy Solutions to acquire its biofuels transload terminal in Belton. The terminal, which currently handles only ethanol unit train operations, will also begin bio-diesel-handling operations when the transaction closes in August.
KMP is the largest midstream and the fourth largest energy company in North America.
The company owns an interest in or operates approximately 75,000 miles of pipelines and 180 terminals. KMP’s pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide (CO2) and more. KMP also stores or handles a variety of products or materials at its terminals including gasoline, jet fuel, ethanol, coal, petroleum, coke and steel. Combined, the Kinder Morgan companies have an enterprise valued at approximately $100 billion. For more information on the Kinder Morgan companies, go to their website at www.kindermorgan.com.
