Kinder Morgan forms new group to pursue renewable diesel, other low-carbon ventures
Kinder Morgan Inc., one of the largest energy infrastructure companies in North America, has formed a new Energy Transition Ventures group “to identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition,” the company stated.
These low-carbon ventures to be pursued by Kinder Morgan’s new group include renewable diesel production, carbon capture and sequestration, renewable natural gas capture, hydrogen production, renewable power generation, and electric transmission.
“We are extremely pleased to announce the formation of this new group at a time when energy markets are evolving both nationally and abroad,” said Steve Kean, CEO of Kinder Morgan.
The group is being led by Jesse Arenivas and Anthony Ashley.
“As public policies, including tax and other government incentives, align with ESG objectives, our unparalleled asset footprint provides a solid footing to facilitate the energy transition,” Arenivas said.
The team consists of Kinder Morgan financial, commercial and engineering personnel. They will analyze and quantify opportunities for additional assets and services to facilitate the group’s mission, and the group will focus on business development and customer outreach.
Kinder Morgan owns interest in or operates 83,000 miles of pipelines and 144 terminals.