Kinder Morgan Energy Partners LP (NYSE:KMP) and US Development Group LLC Form Ethanol Distribution Venture

Ft Lauderdale, Florida 1/21/2010 06:05 AM GMT (TransWorldNews)

Kinder Morgan Partners, L.P. (NYSE:KMP) and US Development Group LLC have formed an ethanol distribution platform joint venture.  The venture will combine Kinder Morgan’s ethanol terminal and pipeline assets and USD’s designing, developing and operating ethanol terminals to create a national distribution network of ethanol handling facilities.  The facilities will be able to meet the growing bio fuels demand.  Customer access will be optimized for the expanded distribution platform as part of the venture.

 

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USD is a leader in ethanol handling and distribution terminals.  The group companies are focused on rail logistics terminalling, designing, developing, owning, and managing large scale ethanol rail logistics centers in the US.   For more information about the joint venture, contact Meg Martin of The Gooden Group at 405.397.6156.

 

Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. The Company owns an interest in or operate more than 26,000 miles of pipelines and approximately 170 terminals. The pipelines transport natural gas, gasoline, crude oil, carbon dioxide and other products, and the terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also a provider of carbon dioxide for the oil recovery projects in North America. The Company operates in five business segments: product pipelines, natural gas pipelines, CO2 , terminals and Kinder Morgan Canada. On April 1, 2008, the Company sold its 25% equity ownership interest in Thunder Creek Gas Services, LLC to PVR Midstream LLC, subsidiary of Penn Virginia Corporation. In October 2009, Crosstex Energy, L.P. and Crosstex Energy, Inc. completed the sale of its natural gas treating business to Kinder Morgan Energy Partners, L.P.

 

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