Investor Presentation
Attractive Potential for Renewable Fuels
U.S. RNG & HYDROGEN SUPPLY OUTLOOK 2020 & 2050 potential
volumetric basis - bcfd
16.7
2.0
2.1
0.2
RNG
energy basis - mmDthd
0.2
RNG
Hydrogen
KINDER MORGAN
GLOBAL BIOFUELS DEMAND OUTLOOK mmbbld
~40% of growth through 2030 driven
by policies in US (RFS) & China (E10)
5.3
2.1
2.0
0.7
2019
Hydrogen
2.8
2025
5.1
3.6
2030
2040
The volumetric vs energy conversion illustrates that
RNG is 3x more energy dense than hydrogen
Acquired RNG platform Kinetrex Energy
Handled nearly 260 mbbld of ethanol, biodiesel, & renewable
diesel in 2020, compared to 1 mmbld U.S. production
Evaluating opportunities to establish hubs for renewable
feedstocks & biofuels
Source: U.S. RNG supply per Wood Mackenzie Summer 2021 Long Term Outlook. 2020 U.S. hydrogen supply
estimated from EIA. 2050 U.S. hydrogen supply potential from Hydrogen Council. "Hydrogen scaling up: A
sustainable pathway for the global energy transition." November 2017.
Demand outlook per International Energy Agency, World Energy Outlook, October 2020 (Stated Policies
Scenario). U.S. production from EIA Weekly U.S. Oxygenate Plant Production of Fuel Ethanol (1/6/2021) &
Monthly Biodiesel Report (2/26/2021); RD production estimated based on EPA RIN data.
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