Kinder Morgan Inc. agreed to acquire a renewable natural gas developer on July 16, marking the first acquisition by Kinder Morgan’s energy transition ventures group since its launch earlier this year.

“This is a great day in the young history of Kinder Morgan Energy Transition Ventures (ETV),” commented ETV President Jesse Arenivas in a company release.

In the $310 million acquisition, Kinder Morgan will acquire Kinetrex Energy from an affiliate of Parallel49 Equity. Based in Indianapolis, Kinetrex is the leading supplier of LNG in the Midwest and a rapidly growing player in producing and supplying renewable natural gas under long-term contracts to transportation service providers, the release said.

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Free Access