Kinetrex Energy and Wabash Valley Power Alliance Announce Construction on Three RNG Facilities
September 29 2021 - 4:05PM
Business Wire
Construction activities underway with
initial in-service by fall of 2022
Kinetrex Energy, a Kinder Morgan, Inc. (NYSE: KMI) company and
Wabash Valley Power Alliance (WVPA) today announced they have
started construction activities for three previously announced
renewable natural gas (RNG) facilities in Indiana. The three sites
are located at the Twin Bridges Landfill in Danville, the Prairie
View Landfill in Wyatt and the Liberty Landfill in Monticello. Upon
completion, they are expected to produce a total of 3.5 billion
cubic feet of RNG each year. Commercial operations are expected to
begin in the fall of 2022, pending required permits and
certifications.
Kinetrex Energy expects to invest $146 million to construct the
RNG facilities to process gas purchased from WVPA. Waste
Management, which owns the landfills, will operate the new RNG
facilities. WVPA will continue to have generation facilities at the
sites that will remain in operation. The new RNG facilities are
designed to capture methane produced from landfills and convert
that methane into pipeline-quality natural gas. This capture
process reduces or eliminates greenhouse gas (GHG) emissions at the
landfill and provides low-cost, efficient renewable energy. The RNG
generated from the plants will be sold pursuant to long-term
contracts to Kinetrex Energy’s compressed renewable natural gas
(CRNG) and liquefied renewable natural gas (LRNG) vehicle
transportation customers located throughout the eastern half of the
United States.
“We are pleased to join WVPA, which has a long history in the
landfill gas space, on this initiative to bring additional
renewable fuels and low-carbon solutions to the marketplace,” said
KMI President of Renewable Natural Gas Aaron Johnson. “We expect
these facilities will produce renewable fuels that will ultimately
replace approximately 28 million gallons of traditional diesel each
year, lowering GHG emissions by about 280,000 tons. That’s like
taking 60,000 vehicles off the road annually – a significant
contribution toward reducing methane emissions.”
“The opportunity to work with Kinetrex has truly created a
win-win for our membership,” said Wabash Valley Power Alliance
Executive Vice President of Engineering and Operations Brian
Fitzgerald. “As a result of this project, Kinetrex becomes a
cooperative member and Wabash Valley Power Alliance’s involvement
affords the production of alternative energy resources that will
benefit our environment. As our industry continues the transition
to a sustainable future, enabling the creation of renewable energy
is a significant point of pride for our organization.” Wabash
Valley Power Alliance first began energy production from landfill
gas in 2002 and will continue to operate at six additional sites as
a component of their diversified energy portfolio.
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 the
benefits of RNG; and the anticipated cost, timing and benefits of
the RNG 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 changes in the supply of and
demand for renewable natural gas; commodity prices, particularly
the prices for Renewable Identification Numbers under the U.S.
Environmental Protection Agency’s Renewable Fuel Standard Program;
counterparty financial risk; and the other 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.
About Wabash Valley Power
Alliance Wabash Valley Power Alliance is a
not-for-profit electric generation and transmission (G&T)
cooperative based in Indianapolis. The G&T provides wholesale
electricity to 23 retail electric distribution cooperatives in
Indiana, Illinois, and Missouri. Collectively, these cooperatives
supply electricity to more than 321,000 homes, schools, farms, and
businesses. For more information, please visit www.wvpa.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210929005932/en/
Kinder Morgan Media Relations Melissa Ruiz |
newsroom@kindermorgan.com
Kinder Morgan Investor Relations (800) 348-7320 |
km_ir@kindermorgan.com
Wabash Valley Power Alliance Media Relations Brian D.
Anderson | (317) 481-2844 | b_anderson@wvpa.com
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