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Kinder Morgan to Spend $671 Million for Carbon-Dioxide Infrastructure

 

(WSJ)- Kinder Morgan Energy Partners LP plans to spend roughly $671 million to expand its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

 

The company plans to spend about $344 million to expand carbon-dioxide production in the McElmo Dome source field in Colorado and roughly $327 million to expand the capacity of Cortez Pipeline that transports carbon-dioxide from southwestern Colorado to eastern New Mexico and West Texas for use in enhanced oil recovery.

 

The plans are in addition to the $1 billion the company in March said it would invest to expand its carbon-dioxide network in Arizona and New Mexico.

 

Last month, KMP said that strong demand for carbon dioxide could lead to more than $2 billion in investments in the sector.

 

(Reporting by Tess Stynes)


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