Matrix Service Announces Contract Award From Kinder Morgan - Quick Facts

(RTTNews) - Matrix Service Co. (MTRX) said its subsidiary, Matrix Service Inc., has been awarded an engineering, procurement and construction or EPC contract by Kinder Morgan Energy Partners, L.P. (KMP) in support of infrastructure improvements at the Houston Ship Channel.

KMP is expanding storage capacity and ship dock capabilities to provide additional infrastructure to help meet the increasing demand for refined product storage and dock services along the channel.

The portion of the project awarded to Matrix includes 12 above ground storage tanks at the Kinder Morgan Export Terminal at Pasadena, with capacity in excess of 1.1 million barrels.

John Hewitt, CEO of Matrix Service Company, said, "this award further strengthens our relationship with Kinder Morgan as a key supplier of EPC services in the North American energy markets and in particular the gulf coast."