SOURCE: Industrial Info Resources

Industrial Info Resources

October 21, 2015 06:30 ET

Kinder Morgan Takes 15 Terminals Off BP's Hands in $350 Million Joint-Venture Deal, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 21, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- BP plc (NYSE:BP) (London, England) has agreed to form a limited liability company with Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) that will acquire 15 of BP's refined products terminals in the U.S., with related infrastructure, for about $350 million. Kinder Morgan will operate 14 of the terminals as part of the joint venture, and fully own the 15th. Industrial Info is tracking almost $1.6 billion in active projects in the global Terminals Industry involving Kinder Morgan.

Within this article: Details on the agreement, projects under construction from Kinder Morgan, and refineries still owned by BP.

Other companies featured: Royal Dutch Shell PLC (NYSE:RDS.A)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

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