{"id":97526,"date":"2021-09-23T07:38:00","date_gmt":"2021-09-23T05:38:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=97526"},"modified":"2021-09-23T08:19:18","modified_gmt":"2021-09-23T06:19:18","slug":"kinder-morgan-and-neste-partner-on-major-renewable-fuels-logistics-project-in-the-united-states","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/kinder-morgan-and-neste-partner-on-major-renewable-fuels-logistics-project-in-the-united-states\/","title":{"rendered":"Kinder Morgan and Neste Partner on Major Renewable Fuels Logistics Project in the United States"},"content":{"rendered":"\n

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Neste’s storage facility in Rotterdam, Netherlands.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Kinder Morgan, Inc. (NYSE: KMI), one of North America\u2019s largest energy infrastructure companies, is partnering with Neste, one of the leading providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals. Upon completion of the project, Kinder Morgan\u2019s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States.<\/strong><\/p>\n\n\n\n

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\u2019s option, the facility can be further expanded.<\/p>\n\n\n\n

\u201cThis clearly shows the positive role America\u2019s existing energy infrastructure can play in creating a sustainable future and fighting climate change,\u201d says Jeremy Baines, President of Neste U.S. \u201cNeste and Kinder Morgan are transforming existing terminal assets into what can be considered green infrastructure, which will ultimately enable more American businesses and cities to power their fleets and supply chains with renewable fuels and other products.\u201d<\/p>\n\n\n\n

The commitment is one of Neste\u2019s largest to date in the U.S., supporting a more resilient, flexible and sustainable supply chain that can keep pace with the company’s growing production capacity and increasing global demand for lower-emission products. It enhances Neste\u2019s leading position, building on the company\u2019s more than 15-year head start in creating an end-to-end renewable product value chain.<\/p>\n\n\n\n

In the long term, the project could also help improve the lifecycle climate benefits and competitiveness of Neste\u2019s 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\u2019s renewable feedstock for polymers and chemicals manufacturing can also significantly reduce the carbon footprint of the end products.<\/p>\n\n\n\n

In fact, Neste\u2019s 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 U.S. EPA\u2019s GHG calculator.<\/p>\n\n\n\n

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 San Francisco International (SFO) airport via a Kinder Morgan pipeline. More than 1 million gallons of SAF have been supplied into SFO to date.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\u201cWe are thrilled to partner with Neste, a global leader in renewable fuels, on this important logistics project. As North America\u2019s largest terminal operator with existing infrastructure including 80 million barrels of storage, 266 docks, 462 truck bays and 6,800 rail car spots, Kinder Morgan Terminals is uniquely positioned to play a leading role in the transition to renewable fuels,\u201d said John Schlosser, president of Kinder Morgan Terminals.<\/p>\n\n\n\n

Because renewable products work with existing energy infrastructure, the U.S.\u2019s vast network of pipelines, storage tanks, and distribution sites can be used to rapidly scale their availability. This is a major advantage, enabling renewable products to replace fossil products faster and more affordably.<\/p>\n\n\n\n

About Neste<\/strong><\/h3>\n\n\n\n

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world\u2019s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of<\/p>\n\n\n\n

high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world\u2019s most sustainable companies. In 2020, Neste’s revenue stood at EUR 11.8 billion, with 94% of the company\u2019s comparable operating profit coming from renewable products. Read more: neste.com<\/p>\n\n\n\n

About Kinder Morgan<\/strong><\/h3>\n\n\n\n

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2<\/sub> and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kinder Morgan, Inc. (NYSE: KMI), one of North America\u2019s largest energy infrastructure companies, is partnering with Neste, one of the leading providers of renewable and circular solutions, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of renewable diesel, sustainable aviation fuel and renewable feedstock for […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The project, which is supported by a long-term commercial commitment from Neste, is expected to commence operations in the first quarter of 2023","footnotes":""},"categories":[5572],"tags":[15075,14117,10408],"supplier":[18384,11708,550],"class_list":["post-97526","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-aviationfuels","tag-diesel","tag-greenchemistry","supplier-kinder-morgan","supplier-neste","supplier-neste-oil"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/97526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=97526"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/97526\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=97526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=97526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=97526"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=97526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}