JOC Staff | Feb 05, 2013 10:14AM EST
Energy company Kinder Morgan has outlined a potential plan for investments in the Port of Wilmington, Del., in the event of a long-term lease agreement with the port’s owner, Diamond State Port, which is owned by the state, according to The News Journal.
The port corporation is considering a deal that would allow Kinder Morgan to run the port, which would allow for repairs and an expansion.
Kinder Morgan said in a written statement that it envisions a $200 million investment in the port, adding steel, scrap and fertilizer shipments, as well as two cranes at the existing berth on the Delaware River. The company also added that it does not intend to add liquefied natural gas at the port and has no plans to add coal capacity there, but declined to definitively rule out the possibility of more coal.