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.
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