KMP to Invest Up to $100 M in Biodiesel Infrastructure

Houston, Texas [] Kinder Morgan Energy Partners, L.P. (KMP) will invest up to $100 million to expand its terminal facilities to help serve the growing biodiesel market. KMP has entered into long-term agreements with Green Earth Fuels, LLC to build up to 1.3 million barrels of tankage that will handle approximately 8 million barrels of biodiesel production at KMP’s terminals. Green Earth Fuels has agreed to build biodiesel production facilities at various KMP terminal sites in these regions and has already begun construction on an 86 million gallon facility at KMP’s Galena Park Terminal, expected to commence operations in July 2007. In addition to biodiesel, KMP has significantly increased its handling of ethanol and continues to pursue additional ethanol opportunities in both its terminals and products pipelines business units.
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