Kinder Morgan, Inc. announced on Friday that it has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyse and pursue commercial opportunities emerging from the low-carbon energy transition.
The group, led by Jesse Arenivas, President of Energy Transition Ventures and CO2, and Anthony Ashley, Vice President 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,” said Steve Kean, CEO of KMI. “Jesse and Anthony have the ideal skill sets to lead this organisation, with more than 50 years of combined experience in the energy and banking industries.”
“This is an exciting time in the energy sector,” said Arenivas. “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.”
The team consists of a group of in-house financial, commercial and engineering talent that will focus on analysing 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, renewable natural gas capture, hydrogen production, renewable power generation, electric transmission and renewable diesel production.
Kinder Morgan, Inc. 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, 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.
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Read the article online at: https://www.worldpipelines.com/business-news/15032021/kinder-morgan-announces-formation-of-new-energy-transition-ventures-group/