HomeUSARaven SR Receives Strategic Investment from Stellar J

Raven SR Receives Strategic Investment from Stellar J

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Raven SR

Raven SR, a Pinedale, WY-based renewable fuels company, received an investment from Stellar J.

The amount of the deal was not disclosed.

The company intends to use the funds to commence commercial operations for waste-to-hydrogen production in early 2024 and commercial operations for sustainable aviation fuel (SAF) in 2025.

Led by CEO Matt Murdock, Raven SR transforms biomass, mixed municipal solid waste, bio-solids, sewage, medical waste, and natural or biogas into renewable fuels. Using its proprietary, non-combustion, non-catalytic “Steam/CO2Reformation” technology, the company produces a hydrogen-rich syngas regardless of feedstock utilized. By using modular systems and producing low air emissions, its systems can be located closer to customers and feedstock, creating local fuel from local waste for local mobility.

Stellar J has fabricated Raven SR units for full-scale hydrogen production reformers. A trial of the units in August 2022 demonstrated that Raven SR’s proprietary technology for waste-to-hydrogen and gas-to-hydrogen processes is commercially ready and effective.

The company has a long-standing track record of work with public and private companies, including public and private projects, engineering, procurement, and construction (EPC), and design, bid, and build structures, including bio-gas energy projects, digesters, landfill construction, and wastewater treatment plants.

Strategic investors in the company also include global oil and gas major Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors, Ascent Hydrogen Fund, and Samsung Ventures.

FinSMEs

03/03/2023

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