Kinder Morgan Seeks to Expand CO2 Business in Clean Energy Push
- Pipeline giant plans to invest in carbon capture technology
- CO2 is “growth vehicle, not a dying business:” Kinder Morgan
Oil storage tanks are seen at dusk at the Kinder Morgan Inc. fuel terminal in Wilmington, California.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Pipeline giant Kinder Morgan Inc. plans to expand its carbon-capture business, joining the ranks of major oil and gas companies capitalizing on clean energy investing.
Fueled by a push to eliminate greenhouse gas emissions, carbon capture and renewable energy projects are sprouting up alongside Kinder Morgan’s massive network of pipelines crisscrossing the U.S., and the midstream operator sees the potential for new business opportunities. Through a unit launched earlier this month, Kinder Morgan will invest in technology and partner with companies on carbon capture, biofuels and hydrogen projects, among other initiatives.