Kinder Morgan Inc. is looking to make a bigger splash in the energy transition space with the $310 million acquisition of Kinetrex Energy, a renewable natural gas (RNG) and small-scale liquefied natural gas (LNG) player. Indianapolis-based Kinetrex claims to be the largest supplier of LNG in the Midwest with two LNG production facilities in Indianapolis. Each has 1 Bcf of cryogenic storage capacity. It also has four truck-loading stations. 

On the RNG side, Kinetrex holds a 50% interest in a landfill RNG facility in Indiana. The assets to be acquired also include three more landfill RNG sites, along with signed commercial agreements. The facilities are expected to come online over the next 18 months.

“We have been focused on RNG due to its potential to grow rapidly in the near...