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Investor Presentation

West Coast Renewable Fuels Projects Subsidies & state goals for emissions reductions are driving increased RD volumes Particularly in California where stacked subsidies currently average >$4.00/gal (RIN+LCFS+BTC) Added Bradshaw RD rail hub project to backlog Expect 1Q23 in-service Accommodates 15 mbbld of blended diesel at the truck rack Potential to also construct a new RD terminal in Southern CA Connect marine RD supplies in the LA harbor hub to nearby growth areas via SFPP Would be the first movement of pure RD by pipeline in the U.S. Scope of RD hub projects Allows customers to deliver RD for blending with regular diesel & biodiesel for multiple concentrations of renewable fuel at our truck racks Segregated storage for renewable products (RD and biodiesel) Further expansion opportunities possible Biodiesel blend capabilities will increase from existing 5% limit to 20% Carson truck rack project in the backlog Expect 2Q22 in-service Connects marine RD supplies in the LA harbor hub to Carson Terminal truck rack for delivery of unblended RD to the local markets Oakland Bradshaw Chico North Line San Jose Nevada California Calnev Los Angeles Colton West Line Indio San Diego Line KINDER MORGAN Legend о Products Pipeline Refined Product Terminals Potential Renewable Diesel Sites Transmix Facilities Cities Towns Arizona New Mexico East Line 16
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