TAGS: Sustainability / Natural Solutions
Kinder Morgan, Inc., is partnering with Neste, to create a premier domestic raw material storage and logistics hub in the United States, supporting increased production of feedstock for polymers and several other renewable chemicals.
Upon completion of the project, Kinder Morgan’s 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.
Commencement of the Project Operations
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 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’s option, the facility can be further expanded.
“This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change,” says Jeremy Baines, president of Neste U.S.
Less Carbon Intensive Supply Chain Operations
In the long term, the project could also help improve the lifecycle climate benefits and competitiveness of Neste’s renewable products through more efficient and less carbon intensive supply chain operations. Neste’s renewable feedstock for polymers and chemicals manufacturing can also significantly reduce the carbon footprint of the end products.
In fact, Neste’s 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’s GHG calculator.
Because renewable products work with existing energy infrastructure, the U.S.’s 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.
Source: Kinder Morgan