Increased flow rates on inbound pipeline connections and outbound dock lines, significantly reducing vessel load times and expanding effective dock capacity. ![]() KMI will invest approximately USD125 million on enhancements to its Pasadena Terminal and Jefferson Street Truck Rack, including: In response to growing customer demand, KMI’s liquids terminal platform now boasts 10 ship docks, 38 barge spots, 20 inbound pipelines providing connectivity to 10 regional refineries and chemical plants, 15 outbound pipelines, 14 cross-channel lines, and approximately 43 million barrels of storage on the Houston Ship Channel, North America’s leading port for energy exports. MOSCOW ( MRC) - Kinder Morgan, Inc.announced a series of projects, totaling over USD170 million of capital investment, that will increase efficiency, add product liquidity, and enhance blending capabilities at its Pasadena and Galena Park terminals, part of its best-in-class refined products storage hub on the Houston Ship Channel, said Financialpost. is global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Under the initial agreement, Ashland planned to sell its composites business, the BDO plant and maleic anhydride (MA) business to INEOS for USD1.1bn.Īs MRC informed earlier, in September, Ashland announced its plans to focus on specialty chemicals, and spin off Valvoline as an independent, publicly-traded lubricants company dedicated to engine and automotive maintenance.Īshland Global Holdings Inc. The deal should close later in the summer, Ashland said. The composites business makes unsaturated polyester resins (UPR), vinyl ester resins and gel coats. The BDO plant is in Marl, Germany, and it has a capacity of 100,000 tonnes/year. ![]() MOSCOW ( MRC) - Ashland Global Holdings announced it has received the remaining regulatory approvals needed to close the previously announced sale of certain assets of Ashland's Composites business and butanediol facility in Marl, Germany to INEOS Enterprises Holdings Limited, said Globenewswire.Īshland and INEOS are working together to close the transaction as soon as possible in accordance with the Stock and Asset Purchase Agreement and continue to expect a closing in the late summer of 2019.
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