Kinder Morgan Condensate Processing Facility
Kinder Morgan is building a petroleum condensate processing facility near its Galena Park terminal on the Houston Ship Channel. The approximately $360 million project, which is supported by a long-term, fee-based agreement with BP North America, involves Kinder Morgan constructing two units to split condensate into its various components, such as light and heavy naphtha, kerosene, diesel and gas oil. The facility’s total capacity is 100,000 barrel per day (bpd) and can be further expanded pending additional market interest. Kinder Morgan’s investment also includes the company building almost 2 million barrels of storage capacity at its Galena Park Terminal for product that will be transported from the condensate facility through new piping, manifolds and pumps.
The splitter facility combined with the Kinder Morgan Crude and Condensate Pipeline system which transports product from the Eagle Ford to Houston and associated Houston Ship Channel storage facilities offer customers unparalleled connectivity to the full range of Gulf Coast markets including refineries, chemical companies, gasoline blenders, outbound pipelines and marine facilities.
The company expects the new storage tanks and the condensate facility's first unit to be in service in March 2015, with the second unit coming online in the summer of 2015.