Kinder Morgan, Inc. has closed on its previously announced acquisition of Kinetrex Energy.
The US$310 million acquisition includes two small scale, domestic LNG production and fuelling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana, US, and signed commercial agreements for three additional RNG facilities with construction to begin shortly. Kinetrex is a leading supplier of LNG in the Midwest and a rapidly growing player in producing and supplying RNG under long-term contracts to transportation service providers. The company will continue operations as Kinetrex Energy, a Kinder Morgan company.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/26082021/kinder-morgan-closes-kinetrex-energy-acquisition/