KMI: Tank Conversion Work Underway at Harvey, La. Facility
1/20 2:38 PM
KMI: Tank Conversion Work Underway at Harvey, La. Facility OAKHURST, N.J. (DTN) --- Kinder Morgan, Inc. reports tank conversion work has commenced on the initial phase of the renewable feedstock storage and logistics hub under development at its Harvey, Louisiana, facility. Upon completion of the project, the facility will serve as the primary hub where Neste, a leading provider of renewable and circular solutions, will store a variety of raw materials such as used cooking oil. The approximately $65 million project, which is supported by a long-term commercial commitment from Neste, is expected to commence operations in the first quarter 2023. Also, long-lead equipment has been ordered for a previously-announced project that will significantly reduce the emissions profile of KMI's refined products terminal hub along the Houston Ship Channel. The approximately $64 million investment will address emissions related to product handling activities at KMI's Galena Park and Pasadena terminals. The expected Scope 1 and 2 C02 equivalent emissions reduction across the combined facilities has been updated to reflect final operating parameter assumptions, as well as waste gas combustion reductions, and now stands at approximately 34,000 metric tons per year or a 38% reduction in total facility GHG emissions versus 2019. The project is expected to be in serve by the third quarter 2023. KMI also said in its fourth quarter 2020 earnings report that construction continues on Kinetrex Energy's three new landfill-based renewable natural gas facilities in Indiana. The approximately $146 million projects are on time and on budget with the first facility expected to be in service by September, and the last facility by January 2023. KMI will begin monetizing renewable identification numbers from the new plants in the first quarter 2023. Upon completion of the projects, total annual RNG production from all sites is estimated to be more than 4 billion cubic feet. (c) Copyright 2022 DTN, LLC. All rights reserved.
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