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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
April 10, 2002Kinder Morgan Moving Ethanol Blendstock in California HOUSTON - Kinder Morgan Energy Partners, L.P. today clarified a number of inaccuracies that have been reported in the media following a decision by California Governor Gray Davis to delay a ban on MTBE gasoline until Dec. 31, 2003. "Unfortunately, KMP's role has been mischaracterized," said Mary Morgan, vice president of marketing for KMP. "We are simply a service provider, and our sole objective is to meet our customers' needs. We will not be an impediment to the conversion from MTBE to ethanol."
KMP owns a common carrier products pipeline in California that transports gasoline, jet fuel and diesel fuel throughout much of the state. KMP has published specifications for ethanol blendstock (CARBOB -- California Reformulated Blendstock for Oxygenate Blending), which is the primary component of ethanol-blended gasoline, and routinely accepts nominations for and provides transportation of CARBOB. "We have been moving CARBOB on our pipeline for over a year and have no plans to discontinue or change this policy," Morgan said. "Any shipper that wants to move CARBOB on our pipeline may do so right now."
A secondary issue involves the availability of ethanol-blending facilities at refineries and terminals. In many locations, the major refineries have their own terminals and are capable of blending their own ethanol without KMP's involvement. In fact, much of the gasoline delivered to the Los Angeles and San Francisco areas is supplied to retail stations directly from the refineries in those areas.
KMP owns 11 terminals in California, of which seven currently have limited ethanol- blending capabilities. KMP's terminal facilities will be ready to accommodate additional ethanol blending when the MTBE ban goes into effect, or sooner, if a customer has a need and enters into a contract for those services.
Kinder Morgan Energy Partners, L. P. is the nation's largest pipeline master limited partnership with an enterprise value of approximately $9 billion. KMP owns and operates more than 25,000 miles of pipelines and over 70 terminals. Its pipelines transport more than two million barrels per day of gasoline and other petroleum products and up to 7.8 billion cubic feet per day of natural gas. Its terminals handle over 55 million tons of coal and other dry-bulk materials annually and have a liquids storage capacity of approximately 55 million barrels for petroleum products and chemicals. KMP is also the leading provider in the U.S. of CO2, which is used in enhanced oil recovery projects.
The general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI), one of the largest midstream energy companies in America. Combined, the two companies have an enterprise value of approximately $18 billion.
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