Kinder Morgan Announces Formation of New Energy Transition Ventures Group
March 12 2021 - 1:00PM
Business Wire
Kinder Morgan, Inc. (NYSE: KMI) today 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. 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
organization, 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 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, renewable natural gas capture, hydrogen production,
renewable power generation, electric transmission and renewable
diesel production.
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, 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.
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 availability and
benefits of commcercial opportunities, and KMI’s ability to develop
projects, relating to the energy transition. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210312005416/en/
Melissa Ruiz Media Relations (713) 469-9176
newsroom@kindermorgan.com
Investor Relations (800) 348-7320 km_ir@kindermorgan.com
www.kindermorgan.com
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