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Kinder Morgan announces formation of New Energy Transition Ventures Group

Kinder Morgan, Inc (KMI), one of the largest energy infrastructure companies in North America, has recently announced that it has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition.

Kinder Morgan, Inc (KMI), one of the largest energy infrastructure companies in North America, has recently announced that it has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyze and pursue commercial opportunities emerging from the low-carbon energy transition (photo courtesy KMI).

Houston, Texas (TX) based KMI has an interest in or operates approximately 83 000 miles (≈ 133 547 km) of pipelines for the transportation of natural gas, refined petroleum products, crude oil, condensate, carbon dioxide (CO2), and other products.

In addition, KMI operates or has an interest in 144 terminals that store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals, and petroleum coke.

Develop additional low carbon and renewable services and assets

The new group, led by Jesse Arenivas, President of Energy Transition Ventures and CO2, and Anthony Ashley, VP of Energy Transition Ventures, will focus on broadening Kinder Morgan’s reach beyond the low-carbon energy initiatives currently in development by KMI’s business units.

While we continue to remain disciplined and focused on attractive returns when evaluating investment opportunities in these new ventures, we are extremely pleased to announce the formation of this new group at a time when energy markets are evolving both nationally and abroad. Jesse and Anthony have the ideal skillsets to lead this organization, with more than 50 years of combined experience in the energy and banking industries said Steve Kean, CEO of KMI.

The team consists of a group of in-house financial, commercial, and engineering talent that will focus on analyzing and quantifying opportunities for additional assets and service offerings tailored to the ongoing energy transition.

They will focus on customer outreach and business development activities in pursuit of those new ventures, which may include services like carbon capture and sequestration (CCS), renewable natural gas (RNG) capture, hydrogen production, renewable power generation, electric transmission, and renewable diesel production.

This is an exciting time in the energy sector. 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, said Jesse Arenivas.

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