Kinder Morgan Canada to invest $32m in its Vancouver Wharves terminal

Kinder Morgan Canada to invest $32m in its Vancouver Wharves terminal


Kinder Morgan Canada (KML) plans to invest $32m in expansion projects. The funds will be allocated to the distillate storage expansion project at the Vancouver Wharves terminal, KML told Tank News International. 

The project includes two new distillate tanks with a combined storage capacity of 200,000 barrels. KML said it expects the project to be placed in service in the first quarter of 2021.

The company will announce its earnings results for the fourth quarter of 2018, and details of its expansion plans for both Kinder Morgan, Inc. and Kinder Morgan Canada Limited on January 16.

For more information visit www.kindermorgan.com

21st December 2018