Foley & Lardner LLP represented North American Natural Resources, Inc. (NANR) and its sister companies North American Biofuels, LLC and North American-Central, LLC, in its sale to Kinder Morgan, Inc. (KMI), one of the largest energy infrastructure companies in North America. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky.
Shortly following close, KMI is expected to make a final investment decision on the conversion of up to four of the seven gas-to-power facilities to renewable natural gas (RNG) facilities with capital spend of approximately $175 million. Pending the final investment decision, these facilities are expected to be in service by early 2024 and, once complete, generate around 2 billion cubic feet per year of RNG.
KMI owns an interest in or operates approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Its pipelines transport natural gas, gasoline, crude oil, and carbon dioxide, and its terminals store and handle renewable fuels, petroleum products, chemicals, and vegetable oils, among other products.
The Foley team representing NANR was led by Partners Jason Allen, Adam Schurle, Ethan Lenz, John Dunlap, and Leigh Riley, and Associate Kenneth Johnson.
폴리 앤 라드너 LLP 소개
폴리 앤 라드너 LLP는 에너지, 의료 및 생명과학, 혁신 기술, 제조 부문의 접점에 서 있는 유수한 로펌입니다. 우리는 법률을 넘어 고객이 직면한 끊임없이 진화하는 요구에 초점을 맞추고 창의적이고 실용적이며 효과적인 솔루션을 제공하기 위해 신뢰할 수 있는 비즈니스 자문가로서 활동합니다. 전 세계 25개 사무소의 1,100명의 변호사가 기업 자문부터 IP 업무 및 소송 지원에 이르기까지 모든 분야에서 협력하여 고객에게 모든 요구 사항에 대한 원팀 솔루션을 제공합니다. 거의 2세기 동안 Foley는 최고 수준의 혁신적인 법률 서비스를 제공하고 직원, 회사, 고객, 지역사회에 대한 책임을 다하기 위해 노력해 왔습니다.
