Kinder Morgan and Neste Partner on Major Renewable Fuels Logistics Project in the United States
As part of the initial, committed phases of the project, Kinder Morgan will modify existing tanks and piping to enable segregated storage for a variety of raw material across 30 tanks. The scope of work also includes the installation of a new boiler for heating tanks and railcars and infrastructure improvements for rail, truck and marine movements. The project, which is supported by a long-term commercial commitment from Neste, is expected to commence operations in the first quarter of 2023. At Neste's option, the facility can be further expanded.
"This clearly shows the positive role America's existing energy infrastructure can play in creating a sustainable future and fighting climate change," says
The commitment is one of Neste's largest to date in the
In the long term, the project could also help improve the lifecycle climate benefits and competitiveness of Neste's renewable products through more efficient and less carbon intensive supply chain operations. Renewable fuels offer an immediate way to reduce greenhouse gas emissions from aviation and heavy duty road transport in the US. Neste's renewable feedstock for polymers and chemicals manufacturing can also significantly reduce the carbon footprint of the end products.
In fact, Neste's renewable products prevented over 40 million tons of new GHG emissions from entering the atmosphere over the last five years - the same climate benefits as building 8,300 wind turbines or making 10.8 million cars zero emission according to the
Kinder Morgan is a trusted partner for Neste, with a strong history of collaboration between the two companies. In 2020, Neste began supplying sustainable aviation fuel (SAF) directly to
With this project, Kinder Morgan is further demonstrating its commitment to offer low-carbon infrastructure solutions to the country's fast growing renewable fuels industry.
"We are thrilled to partner with Neste, a global leader in renewable fuels, on this important logistics project. As
Because renewable products work with existing energy infrastructure, the
- Theodore Rolfvondenbaumen, Communications Manager for Neste U.S. Theodore.firstname.lastname@example.org | +1 832 799 7029
- Neste's media service, tel. +358 50 458 5076 / email@example.com (weekdays from
8.30 a.m. to 4.00 p.m. EET
Melissa Ruiz, Corporate Communications Director for KMI Melissa_Ruiz@kindermorgan.com | 713 369 8060
- KMI Investor Relations firstname.lastname@example.org | 800 348 7320
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