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Kinder Morgan Completes $310 Mn Entry into RNG Space (M&A)
Kinder Morgan, Kintrex
Date: 2021-09-08
Houston-headquartered Kinder Morgan Inc. reports it has closed closed the $310 million acquisition of Indianapolis-based Kinetrex Energy, marking the Houston-based pipeline operator's entry into the renewable natural gas (RNG) market. Kinetrex is the leading supplier of LNG in the Midwest and a rapidly growing player in producing and supplying RNG.

The deal follows the formation in March of Kinder Morgan's Energy Transition Ventures group, which has been tasked with identifying commercial opportunities emerging from the low-carbon energy transition.

At time of closing, the Kinextrex portfolio included two small-scale, domestic LNG production and fueling facilities, a 50 pct interest in a landfill-based RNG facility in Indiana, and signed commercial agreements for three additional RNG facilities with construction to begin shortly.

As the three new RNG facilities are expected to become operational over the next 18 months. The company will continue operations as Kinetrex Energy, a Kinder Morgan company. Additionally, key members of Kinetrex's management team, including President and CEO Aaron Johnson, were expected to join Kinder Morgan as part of the acquisition. (Source: Kinder Morgan, 20 Aug., Sept., 2021) Contact: Kinder Morgan, www.kindermorgan.com; Kintrex Energy, Aaron Johnson, CEO, 317-886-8179, www.kinetrexenergy.com

More Low-Carbon Energy News Kinder Morgan,  Kintrex Energy,  RNG,  


Kinder Morgan Nails Kintrex Energy Acquisition (M&A, Ind. Report)
Kinder Morgan, Kintrex Energy
Date: 2021-08-25
Houston-headquartered Kinder Morgan, Inc. is reporting closure on its previously announced $310 million acquisition of Indianapolis-based LNG specialist Kinetrex Energy. The deal includes two small-scale, domestic LNG production and fueling facilities, a 50 pct interest in a landfill-based renewable natural gas (RNG) facility in Indiana, along with signed commercial agreements for three additional RNG facilities with construction to begin shortly.

Kinetrex supplies liquefied natural gas (LNG) in the Midwest and is a rapidly growing player in producing and supplying RNG under long-term contracts to transportation service providers. The company will continue operations as Kinetrex Energy. (Source: Kinder Morgan, PR, 20 Aug., 2021) Contact: Kinder Morgan, www.kindermorgan.com; Kintrex Energy, Aaron Johnson, CEO, 317-886-8179, www.kinetrexenergy.com

More Low-Carbon Energy News Kinder Morgan,  Kintrex Energy,  RNG,  


Kinder Morgan Acquiring LNG Supplier Kinetrex Energy (M&A)
Kinder Morgan, Kinetrex
Date: 2021-07-19
Houston, Texas-headquartered Kinder Morgan Inc. reports it is purchasing Indianapolis-based LNG supplier Kinetrex Energy for $310 million. Kintrex has two small-scale domestic LNG production and fueling facilities and holds a 50 pct stake in a landfill renewable natural gas (RNG) facility with three more RNG facilities in development. When fully operational the four sites will produce more than 4 billion cubic feet of RNG per year and capture the methane produced from the decomposition of organic waste.

Kinder Morgan is also looking at opportunities in carbon capture and sequestration (CCS) renewable natural gas capture, hydrogen production, renewable power generation, electric transmission, and renewable diesel production. The company is also spending $60 million to build new renewable diesel hubs in Northern and Southern California and has terminals and pipelines capable of blending, storing, and exporting ethanol and other biofuels while evaluating multiple opportunities to establish new hubs to handle those products.(Source: KinderMorgan, PR, 14 July, 2021) Contact: Kinetrex Energy, 317-886-8179. ; Kinder Morgan, (713) 369-9000, www.kindermorgan.com

More Low-Carbon Energy News Kinder Morgan,  Kinetrex,  LNG,  Hydrogen,  Biofuel,  Marine Fuel,  LNG,  


Kinder Morgan Expanding Chicago Ethanol Hub Capacity (Ind. Report)
Kinder Morgan
Date: 2019-02-22
Houston, Texas-headquartered Kinder Morgan Inc reports will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal – a benchmark for global ethanol prices.

The company plans to double the amount of ethanol barges that can load and unload at its two existing Argo docks. The company is also considering a third petrochemical-ethanol dock and will construct a new 50,000 bpd per-ethanol storage tank at its Stony Island rail facility. The additions are expected beforew the year end.

One of the largest energy infrastructure companies in North America, Kinder Morgan, Inc. specializes in owning and controlling oil and gas pipelines and terminals. (Source: Kinder Morgam, Reuters, KTIC, 20 Feb., 2019) Contact: Kinder Morgan, (713) 369-9000, www.kindermorgan.com

More Low-Carbon Energy News Kinder Morgan,  Ethanol,  

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