FUNMAN
3年前
Kinder Morgan Joins Cheniere-Led Project Focused on Greenhouse Gas Emissions
04/21/2022
Project to enhance understanding of emissions associated with the operation of assets delivering to Cheniere LNG facilities
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced that it has joined a collaboration with Cheniere Energy, Inc. (NYSE: LNG), several other midstream operators, methane detection technology providers and leading academic institutions on a project focused on quantifying, monitoring, reporting and verifying (QMRV) greenhouse gas (GHG) emissions associated with the operation of natural gas gathering, processing, transmission, and storage systems. The work is intended to improve the overall understanding of GHG emissions and further the deployment of advanced monitoring technologies and protocols.
The midstream QMRV work will be conducted by global emissions researchers from Colorado State University and the University of Texas. The measurement protocol designed by the research group and Cheniere will be field-tested at facilities operated by the participating midstream companies. KMI assets involved in this project include select pipeline segments and compressor stations on the Tennessee Gas Pipeline (TGP), Kinder Morgan Louisiana Pipeline (KMLP) and Natural Gas Pipeline of America (NGPL) systems.
“We are excited to be participating in this project and have enrolled selected assets across multiple pipelines that deliver natural gas to Cheniere’s Sabine Pass and Corpus Christi LNG facilities,” said KMI’s Interstate Natural Gas President Kimberly Watson. “We believe our collaboration in this project further demonstrates our dedication to better understanding the GHG emissions from our facilities and supporting the needs of our customers.”
“Collaboration with our midstream partners is a vital part of Cheniere’s efforts to measure and verify our emissions and look for opportunities for reductions across our value chain,” said Scott Culberson, Cheniere’s Senior Vice President of Gas Supply. “KMI is a critical teammate in this effort to provide cleaner sources of energy around the world, and their leadership will help to improve the environmental performance of U.S. natural gas and LNG.”
“Emissions quantification requires scientifically rigorous methods that are unique to each segment of the industry. This first-of-its-kind R&D project will investigate emissions performance at multiple midstream facilities not just by short-duration spot checks, but over several months, employing multiple monitoring technologies at multiple scales,” said Dan Zimmerle, the principal investigator on the project from Colorado State University who also serves as the Director of the school’s Methane Emissions Program.
“It is vital for both public policy and science that we have empirically driven measurement protocols, and importantly the complex and voluminous data collected is independently analyzed and verified by the scientific community,” said Dr. Arvind Ravikumar, professor in the Petroleum and Geosystems Engineering department at the University of Texas at Austin.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated timing, capacities and benefits of the planned QMRV project. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2021 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.
Katherine Hill
Media Relations
(713) 469-9176
newsroom@kindermorgan.com
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Kinder Morgan Announces First Quarter ‘22 Earnings Webcast
04/13/2022
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced it will release first quarter 2022 earnings results on Wednesday, April 20, 2022 after market close and will hold a live webcast and conference call.
What: Kinder Morgan First Quarter ‘22 Earnings Results Webcast
When: April 20, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-517-308-9185 and entering the passcode 4057642.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on May 20, 2022. To access the replay, please dial 1-203-369-0194 and enter passcode 63871.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 141 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
Dave Conover
newsroom@kindermorgan.com
Investor Relations
(713) 369-9490
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Kinder Morgan Announces Southern California Renewable Diesel Hub Project
First mover of segregated renewable diesel (R99) by pipeline
02/07/2022
https://ir.kindermorgan.com/news/news-details/2022/Kinder-Morgan-Announces-Southern-California-Renewable-Diesel-Hub-Project/default.aspx
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California. Once constructed, the Southern California renewable diesel hub will enable customers to aggregate renewable diesel batches (R99) in the Los Angeles area and move them on SFPP, L.P.’s pipeline system to the high demand markets in Colton (inland Empire) and Mission Valley (San Diego), California, creating up to 20,000 barrels per day (bpd) of blended diesel throughput capacity at its truck racks with the ability to expand in the future. This Southern California renewable diesel hub, and the previously announced Northern California renewable diesel hub, collectively represent an investment by KMI of over $50 million in the distribution of renewable fuels in California, just over half of which was contemplated in the 2022 budget.
“We are pleased to be constructing these hub projects to expand our renewable diesel handling capabilities,” said KMI’s President of Products Pipelines Dax Sanders. “As refineries are converting to renewable diesel, we believe this is an attractive opportunity to pivot to the energy fuels of the future in a manner that is consistent with our corporate goals and return criteria.” Both projects are supported by long-term customer contracts and are expected to be placed in service in the first quarter of 2023. Capacity is limited and available on a first-come, first-serve basis.
Upon completion, the Southern California hub will be the first of its kind in the United States to transport batches of renewable diesel by pipeline with no resulting loss of product to transmix – a process designed to enable customers to avoid the loss of the valuable California renewable tax credits, including the Low Carbon Fuel Standard (LCFS) credits. The buildout of the Southern California hub consists of three components. At the Carson Terminal in the Port of Los Angeles, KMI is creating community renewable storage capacity with connectivity to both the SFPP pipeline system and the Carson Terminal truck rack. At the Colton Terminal, modifications will create a new dedicated renewable diesel terminal. The renewable diesel will be delivered by the existing 16-inch SFPP pipeline segment from Watson to Colton. The terminal, designed to allow customers to blend their renewable diesel with biodiesel and CARB diesel to desired blends at the truck rack, is expected to accommodate up to 15,000 bpd of blended diesel throughput with expandability up to 20,000 bpd. Lastly, certain storage and truck rack capacity at KMI’s Mission Valley Terminal will be transitioned to enable up to 5,000 bpd of renewable diesel throughput.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 143 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated timing, capacities and benefits of the planned renewable diesel hub facilities. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2021 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.
Amy Baek
Media Relations
(713) 420-4644
newsroom@kindermorgan.com
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Kinder Morgan to Hold 2022 Investor Day
01/24/2022
HOUSTON--(BUSINESS WIRE)-- Representatives of Kinder Morgan, Inc. (KMI) intend to make presentations in Houston, Texas on January 26, 2022 at the Kinder Morgan 2022 Investor Day regarding the results for fiscal year 2021, the near-term outlook for 2022, as well as the long-term outlook for KMI.
Interested parties will be able to view the materials to be presented at the event by visiting KMI’s website at: https://ir.kindermorgan.com/events-and-presentations/default.aspx. The presentations will also be accessible by audio webcast (both live and on-demand) on KMI’s website at the same web address. Live presentations are scheduled to begin at 8 a.m. CT, and an archived webcast will remain available for at least 90 days on KMI’s website at the above address.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 143 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
newsroom@kindermorgan.com
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Kinder Morgan Announces Fourth Quarter ‘21 Earnings Webcast
01/12/2022
https://ir.kindermorgan.com/news/news-details/2022/Kinder-Morgan-Announces-Fourth-Quarter-21-Earnings-Webcast/default.aspx
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced it will release fourth quarter 2021 earnings results on Wednesday, January 19, 2022 after market close and will hold a live webcast and conference call.
What: Kinder Morgan Fourth Quarter ‘21 Earnings Results Webcast
When: January 19, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-210-234-0073 and entering the passcode 1182662.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on February 19, 2022. To access the replay, please dial 1-203-369-1438 and enter passcode 24661.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
Dave Conover
newsroom@kindermorgan.com
Investor Relations
(713) 369-9490
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Tennessee Gas Pipeline Announces New Responsibly Sourced Natural Gas Supply Aggregation Pooling Service
First to offer service and further demonstrates commitment to lower-carbon future
12/15/2021
https://ir.kindermorgan.com/news/news-details/2021/Tennessee-Gas-Pipeline-Announces-New-Responsibly-Sourced-Natural-Gas-Supply-Aggregation-Pooling-Service/default.aspx
HOUSTON--(BUSINESS WIRE)-- Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI) today filed with the Federal Energy Regulatory Commission (FERC) a proposal to implement a responsibly sourced natural gas (RSG) supply aggregation pooling service at select locations across the TGP system.
RSG is third-party certified natural gas that meets certain environmental, social and governance standards, particularly related to methane emission reductions.
The proposed service is designed to enable suppliers and customers on TGP to purchase and sell RSG supply at non-physical trading locations, ultimately serving end-users, utilities, power plants and LNG facilities connected to the TGP system. Producers who have already obtained RSG certifications from qualified third-party organizations are anticipated to supply the RSG needed for the proposed pooling service, and the supply is expected to grow as RSG becomes the fuel of choice among customers.
Pending regulatory approval from the FERC, this service is expected to be available in the first quarter of 2022.
“We are pleased that TGP is the first pipeline system to offer this RSG supply aggregation pooling service,” said TGP’s Vice President of Commercial Ernesto Ochoa. “We believe this lower methane intensity fuel is an essential component of the energy transition, and TGP is uniquely positioned to be the transporter of choice because of its connectivity to key basins and end-users. We are excited to continue to work with current and future customers to encourage the delivery of RSG supply into our systems and pursue new ways to facilitate the availability of these molecules to the market.”
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning demand for RSG and the anticipated timing and benefits of the proposed RSG pooling program. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.
Katherine Hill
Senior Corporate Communications Specialist
(713) 469-9176
newsroom@kindermorgan.com
Investor Relations
(800) 348-7320
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
FUNMAN
3年前
Kinder Morgan Announces 2022 Financial Expectations
$1.11 dividend per share; up to $750 million available for share repurchases; $2.5 billion net income attributable to KMI; and 9% growth in DCF per share1
12/06/2021
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2022 financial projections. “We expect 2021 to be a record year for Kinder Morgan financially, attributable to our outperformance related to winter storm Uri in the first quarter, along with solid project execution across our business units, and two important acquisitions. Our strong performance is also reflected in our debt metric, as we expect to end the year with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, much better than our budgeted ratio of 4.6 times,” said Steve Kean, KMI chief executive officer.
“For 2022, with our market fundamentals remaining robust, a full year of earnings from our Stagecoach acquisition, and the completion of several projects in the fourth quarter of 2021, we project a very strong year,” said Steve Kean, KMI chief executive officer. “We expect to generate net income attributable to KMI per share of $1.09 and distributable cash flow (DCF) per share of $2.07. Our growth will continue to be supported by an unparalleled network of interconnected assets, important energy infrastructure expansion opportunities, and new investments in the energy evolution,” continued Kean.
Below is a summary of KMI’s expectations for 2022:
• Generate $1.09 of net income attributable to KMI per share, up $0.33 compared to our current 2021 forecast of $0.76 and up $0.70 compared to a calculation of the 2021 forecast of $0.39 that excludes the largely nonrecurring outperformance in the first quarter related to winter storm Uri. This expected increase is largely due to asset impairments taken in 2021.
• Generate $2.07 DCF per share, down 13% with the outperformance due to Uri reflected in the current forecast for 2021 and up 9% without it.
• Generate $7.2 billion of Adjusted EBITDA, up 5% from the 2021 forecast excluding the outperformance related to winter storm Uri).
• Invest $1.3 billion in expansion projects and contributions to joint ventures, or discretionary capital expenditures, in 2022.
• Generate DCF in excess of discretionary capital expenditures and dividends of approximately $870 million.
• Return additional value to shareholders in 2022 through an anticipated $1.11 per share dividend (annualized) and opportunistic share repurchases of up to $750 million.
• End 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.3 times, below our long-term target of approximately 4.5 times.
• The expected $2.07 of DCF per share and the 4.3 times leverage metric do not reflect the impact of possible opportunistic share repurchases.
Please see “Non-GAAP Financial Measures” below for definitions of DCF, Adjusted EBITDA and Net Debt, and the accompanying tables for reconciliations of 2022 budgeted net income attributable to KMI to budgeted DCF and budgeted Adjusted EBITDA.
KMI’s expectations assume average annual prices for West Texas Intermediate (WTI) crude oil and Henry Hub natural gas of $72.50 per barrel and $4.25 per MMBtu, respectively, consistent with forward pricing during the budget process. The vast majority of cash generated by KMI is fee-based and therefore is not directly exposed to commodity prices. The primary area where KMI has commodity price sensitivity is in its CO2 segment, where KMI hedges the majority of its next 12 months of oil production to minimize this sensitivity. For 2022, the company estimates that every $1 per barrel change in the average WTI crude oil price impacts DCF by approximately $8.7 million and each $0.10 per MMBtu change in the price of natural gas impacts DCF by approximately $0.6 million.
The KMI board of directors has preliminarily reviewed the 2022 budget and will take formal action on it at the January board meeting.
Management will discuss the budget in detail during the company’s annual investor day conference on Jan. 26, 2022, in Houston, Texas. Kinder Morgan remains committed to transparency and will continue to publish its budget on the company’s website as presented at the investor day conference. The 2022 budget will be the standard by which KMI measures its performance next year and will be a factor in determining employee compensation.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to
FUNMAN
3年前
Kinder Morgan Announces Third Quarter ‘21 Earnings Webcast
10/13/2021
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2021 earnings results on Wednesday, October 20, 2021.
What: Kinder Morgan Third Quarter ‘21 Earnings Results Webcast
When: October 20, 2021, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-630-395-0255 and entering the passcode 1028939.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on November 20, 2021. To access the replay, please dial 1-203-369-1213 and enter passcode 83475.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
Media Relations
Dave Conover
newsroom@kindermorgan.com
Investor Relations
(713) 369-9490
km_ir@kindermorgan.com
www.kindermorgan.com
Source: Kinder Morgan, Inc.
VIEW ALL NEWS
FUNMAN
3年前
Kinder Morgan and Neste Partner on Major Renewable Fuels Logistics Project in the United States
09/13/2021
https://ir.kindermorgan.com/news/news-details/2021/Kinder-Morgan-and-Neste-Partner-on-Major-Renewable-Fuels-Logistics-Project-in-the-United-States/default.aspx
Kinder Morgan, Inc. (NYSE: KMI), one of North America’s largest energy infrastructure companies, is partnering with Neste, one of the leading providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals. Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States.
As part of the initial, committed phases of the project, Kinder Morgan will modify existing tanks and piping to enable segregated storage for a variety of raw material across 30 tanks. The scope of work also includes the installation of a new boiler for heating tanks and railcars and infrastructure improvements for rail, truck and marine movements. The project, which is supported by a long-term commercial commitment from Neste, is expected to commence operations in the first quarter of 2023. At Neste’s option, the facility can be further expanded.
“This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change,” says Jeremy Baines, President of Neste U.S. “Neste and Kinder Morgan are transforming existing terminal assets into what can be considered green infrastructure, which will ultimately enable more American businesses and cities to power their fleets and supply chains with renewable fuels and other products.”
The commitment is one of Neste’s largest to date in the U.S., supporting a more resilient, flexible and sustainable supply chain that can keep pace with the company's growing production capacity and increasing global demand for lower-emission products. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
In the long term, the project could also help improve the lifecycle climate benefits and competitiveness of Neste’s renewable products through more efficient and less carbon intensive supply chain operations. Renewable fuels offer an immediate way to reduce greenhouse gas emissions from aviation, and heavy duty road transport in the US. Neste’s renewable feedstock for polymers and chemicals manufacturing can also significantly reduce the carbon footprint of the end products.
In fact, Neste’s renewable products prevented over 40 million tons of new GHG emissions from entering the atmosphere over the last five years - the same climate benefits as building 8,300 wind turbines or making 10.8 million cars zero emission according to the U.S. EPA’s GHG calculator.
Kinder Morgan is a trusted partner for Neste, with a strong history of collaboration between the two companies. In 2020, Neste began supplying sustainable aviation fuel (SAF) directly to San Francisco International (SFO) airport via a Kinder Morgan pipeline. More than 1 million gallons of SAF have been supplied into SFO to date.
With this project, Kinder Morgan is further demonstrating its commitment to offer low carbon infrastructure solutions to the country's fast growing renewable fuels industry.
“We are thrilled to partner with Neste, a global leader in renewable fuels, on this important logistics project. As North America’s largest terminal operator with existing infrastructure including 80 million barrels of storage, 266 docks, 462 truck bays and 6,800 rail car spots, Kinder Morgan Terminals is uniquely positioned to play a leading role in the transition to renewable fuels,” said John Schlosser, president of Kinder Morgan Terminals.
Because renewable products work with existing energy infrastructure, the U.S.’s vast network of pipelines, storage tanks, and distribution sites can be used to rapidly scale their availability. This is a major advantage, enabling renewable products to replace fossil products faster and more affordably.
Further information:
Theodore Rolfvondenbaumen, Communications Manager for Neste S. Theodore.rolfvondenbaumen@neste.com | +1 832 799 7029
Neste’s media service, +358 50 458 5076 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET)
Melissa Ruiz, Corporate Communications Director for KMI Melissa_Ruiz@kindermorgan.com | 713 369 8060
KMI Investor Relations km_ir@kindermorgan.com | 800 348 7320
About Neste
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of
high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more: neste.com
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,”
“shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning KMI’s capital projects, including expected completion timing and benefits of the renewable fuels logistics project, and KMI’s role in the transition to renewable fuels and ability to use its existing assets for energy-transition opportunities.
Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system
at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
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