HOUSTON — Kinder Morgan Inc. (KMI) has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is the leading supplier of LNG in the Midwest and a rapidly growing player in producing and supplying renewable natural gas (RNG) under long-term contracts to transportation service providers.

Kinetrex has a 50-percent interest in the largest RNG facility in Indiana, as well as signed commercial agreements to begin construction on three additional landfill-based RNG facilities. Once operational next year, total annual RNG production from the four sites is estimated to be over 4 billion cubic feet. Kinetrex’s unique full-service platform provides outstanding value for its customers and host landfills. The transaction is expected to close in the third quarter of 2021.

For more information, visit www.kindermorgan.com or www.kinetrexenergy.com.