American Petroleum & CO2 Segment Overview
Growing RNG Portfolio
KINDER MORGAN
LANDFILL-RNG ANNUAL PRODUCTION
CAPACITY net to KM
GROWTH PLAN
Potential to grow +0.6 bcf over next
operational (2.3 bcf gross) decade with little capex
1.8 bcf operational (2.3 bcf gross)
+3.9 bcf expected online 2023
+up to 0.7 bcf 2024+
=6.4 bcf (6.9 bcf gross)
PRIMARILY CONTRACTED IN
TRANSPORTATION MARKET TODAY
Long-term contracts in transportation/RIN
market
Up to $250 million development capex
Short term contracted into RINS market,
optionality for RNG or eRINs on acquired
assets
Expect -6x 2024 Project EBITDA based on
~$1.1bn total RNG portfolio investment
Opportunity for fixed-price contracts will grow
as voluntary market develops
6.9 bcf of RNG reduces emissions by 3.9 million
metric tons CO2 e per year, equivalent to:
9.1mm
barrels of oil
consumed
439mm
gallons of gasoline
consumed
carbon sequestered
by 4.6mm acres
of U.S. forest
Note: Project EBITDA is a non-GAAP measure. See Non-GAAP Financial Measures and Reconciliations.
Emission calculation and equivalencies based on the EPA's Landfill Gas Energy Benefits Calculator. We expect our plants to capture 14.8 bcf/year of feedgas to produce 6.9 bcf/year of RNG.
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