The project complements a previously announced $60m expansion project at Carteret, which added more than one million barrels of storage to the nearly 8 million barrels already in place at that site.
The company said the Linden terminal handled as much as 36,000 barrels per day of ethanol with 550,000 barrels of storage through Citgo Petroleum Corp’s Tremley Point terminal.
Kinder Morgan initially projects that an additional 195,000 barrels of storage will go to ethanol service for domestic specifications, but the system will be optimized for export in the future as market conditions allow.
Kinder Morgan Energy Partners is a pipeline transportation and energy storage company in North America.
