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Kinder Morgan Inc
Kinder Morgan, Inc. is a publicly traded energy infrastructure company that operates in the United States, Canada, and Mexico. The company was founded in 1997 and is headquartered in Houston, Texas.
Kinder Morgan is one of the largest energy infrastructure companies in North America, with a portfolio of assets that includes:
1. Pipelines: Kinder Morgan owns and operates approximately 83,000 miles of pipelines that transport natural gas, refined petroleum products, crude oil, and carbon dioxide.
2. Terminals: The company owns and operates various terminals that store and handle petroleum products, ethanol, and other chemicals.
3. Natural Gas Processing: Kinder Morgan has natural gas processing facilities in the United States, Canada, and Mexico. They process natural gas, removing impurities and separating the various hydrocarbons.
4. CO2 Pipelines and Plants: Kinder Morgan owns and operates carbon dioxide pipelines and plants that capture and transport carbon dioxide for use in enhanced oil recovery (EOR) operations.
Kinder Morgan has a significant presence in the Permian Basin in the United States, which is one of the largest oil-producing regions in the country. The company's pipelines, terminals, and other infrastructure play a critical role in transporting and storing oil and gas production from the Permian Basin to various markets across the country.
Kinder Morgan has been publicly traded on the New York Stock Exchange (NYSE: KMI) since 2011 and has a market capitalization of around $45 billion as of March 2023. The company's stock has generally trended upward over the years, with fluctuations reflecting changes in the energy market and the overall economy.
In addition to its core energy infrastructure businesses, Kinder Morgan has also made significant investments in renewable energy. They have invested in solar and wind power projects, as well as biofuels. However, fossil fuels still make up the majority of their business.
Kinder Morgan has a long history of growth through acquisitions and organic expansion. They have made several significant acquisitions over the years, including the El Paso Corporation in 2012 and the remaining stake in the Cochin Pipeline in 2018.
The company has faced opposition from environmental groups and local communities due to concerns about the safety and environmental impact of their infrastructure, particularly pipelines. The company has also faced opposition from indigenous tribes whose lands are crossed by their pipelines.
Kinder Morgan has been subject to regulatory scrutiny from various government agencies, particularly the Federal Energy Regulatory Commission (FERC), which oversees the company's interstate pipelines and other energy infrastructure.
In summary, Kinder Morgan, Inc. is a large energy infrastructure company that owns and operates a diverse portfolio of assets across North America. The company plays a critical role in transporting and storing oil, gas, and other energy products, and has made significant investments in renewable energy. However, the company has faced opposition from environmental groups and indigenous communities and is subject to regulatory scrutiny.