A municipal solid waste solutions firm based in Deerfield, Illinois, has re-launched a capital raise after a deal with a private equity backer recently fell through.
Chabina Energy Partners and Weild & Co. were mandated last year to raise approximately $30m for six recovery facilities that would have supplied feedstock for a SAF plant near Chicago.
That capital raise was re-launched with the same advisors, a source familiar said, and the firm is seeking a total of $750m for its SAF-related projects.
Additionally, Illinois Clean Fuels is seeking $35m to develop three material recovery facilities in the New York City region, the source added.
The development timeframe for the material recovery facilities is expected to last two years from funding to FID, with the recovered waste ultimately supplying cement makers, displacing coal and natural gas as energy sources.
