Kinder Morgan Energy Partners to Make Significant Investment in Chemical Industry

  Kinder Morgan Energy Partners to Make Significant Investment in Chemical
  Industry

Business Wire

HOUSTON -- April 01, 2013

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that KMP will
invest approximately $58 million to expand its chemical storage capacity. KMP
has entered into a long-term contract with Methanex Corporation (NASDAQ: MEOH)
to support the construction of methanol storage capacity near Kinder Morgan’s
Geismar Liquids Terminal (GLT) in Geismar, La. Kinder Morgan will build, own
and operate the storage tanks and related infrastructure, including
improvements to its existing dock at GLT. The assets will provide critical
marine, rail and truck access in support of a 1 million tonne per year
methanol production plant being relocated by Methanex from Chile, South
America. The terminal infrastructure is expected to be in service during the
second half of 2014, coinciding with the anticipated startup of the relocated
plant.

KMP has also acquired Quality Carriers, Inc.’s 26-acre terminal located in
Chester, S.C. The 19-tank facility currently provides storage for a single
customer of 35,000 barrels and receives product by rail and distributes by
truck.

“The abundance of attractively priced domestic natural gas has led to a
resurgence in the chemical and manufacturing industries,” said John Schlosser,
president of Kinder Morgan Terminals. “We are very pleased to be able to
leverage our existing footprint in Geismar in support of Methanex’s
significant capital project, and look forward to continuing to provide
logistical and infrastructure solutions for Methanex and others as the renewed
industrial development continues along the Gulf Coast and elsewhere. We are
also pleased to be entering the public liquid terminal market in the greater
Charlotte area and look forward to growing that business with new chemical
customers.”

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest publicly
traded pipeline limited partnerships in America. It owns an interest in or
operates approximately 44,000 miles of pipelines and 180terminals. The
general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder
Morgan is the largest midstream and the third largest energy company in North
America with a combined enterprise value of approximately $100 billion. It
owns an interest in or operates approximately 73,000 miles of pipelines and
180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO[2]
and other products, and its terminals store petroleum products and chemicals
and handle such products as ethanol, coal, petroleum coke and steel. KMI owns
the general partner interests of KMP and El Paso Pipeline Partners, L.P.
(NYSE: EPB), along with limited partner interests in KMP, and EPB and shares
in Kinder Morgan Management, LLC (NYSE: KMR). For more information please
visit www.kindermorgan.com.

This news release includes forward-looking statements. These forward-looking
statements are subject to risks and uncertainties and are based on the beliefs
and assumptions of management, based on information currently available to
them. Although Kinder Morgan believes that these forward-looking statements
are based on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
herein include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date they were made, and except to the extent required by law, Kinder
Morgan undertakes no obligation to update or review any forward-looking
statement because of new information, future events or other factors. Because
of these uncertainties, readers should not place undue reliance on these
forward-looking statements.

Contact:

Kinder Morgan Energy Partners, L.P.
Joe Hollier, (713) 369-9176
Media Relations
joe_hollier@kindermorgan.com
or
Investor Relations: (713) 369-9221
km_ir@kindermorgan.com
www.kindermorgan.com
 
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