Kinder Morgan, Inc. announced it has completed the acquisition of North American Natural Resources, Inc. (NANR), and its sister companies, including North American-Central, LLC and North American Biofuels, LLC. The acquisition, which worth 135 million dollars in combined purchase price, and related transaction costs including seven landfill gas facilities in Kentucky and Michigan.
This acquisition will enhance the vertically integrated platform of the company that delivers differentiated solutions across the RNG value chain. The combined RNG operations will provide Kinder Morgan, Inc. with the annual RNG production capacity of around 7.7 Bcf per year.
The remaining three assets of North America Natural Resources, Inc., will further diversify the renewable portfolio of Kinder Morgan, Inc. by adding electricity generation to the company’s landfill gas-to-power operations.
Anthony Ashley, president of Energy Transition Ventures, said they are very excited to continue with the commitment of Kinder Morgan, Inc. to grow their RNG business through the acquisition of expertise and facilities of NANR. He also said that they believe this will further position them as a leader in the RNG marketplace, and look forward to expand their RNG footprint to benefit their businesses, customers, and communities they serve.
Bob Evans, president of North American Natural Resources, Inc. (NANR), said they are very proud of the business that the employees of NANR have built over the past 43 years. With the evolution of the energy markets, they are very excited to join the Kinder Morgan, Inc. family as the world is transitioning to a clean energy future.