Whitehawk Energy, the Philadelphia-based upstream asset manager, has raised $50m from new investors to deploy into energy transition assets, sources told ReSource.
The firm, which manages natural gas royalty and mineral assets in Pennsylvania, West Virginia, Louisiana and Texas, will spend the money over a 24-month period, sources said. The vehicle was finalized in June; so far the firm has looked at one CCS project in North Dakota.
Australia-based Incitec Pivot Limited sold the Louisiana plant to CF Industries for an EV-to-EBITDA multiple of 9.3x.
Transition Industries has agreed with local water authorities to use wastewater for a green and blue methanol facility in Sinaloa, Mexico.
Woodside Energy’s $2.35bn purchase of OCI Global’s under-construction blue ammonia project in Beaumont, Texas caused eyes to water across the industry.
New Fortress Energy recently sold its Miami LNG facility to a private equity backer, one of a string of recent deals in the LNG space.
A decarbonization services provider is in development on multiple utility-owned hydrogen adoption projects in the Northeast, Texas and Georgia and is preparing to launch a capital raise in 3Q24.
Clean Energy Holdings has secured an LOI for offtake from a European buyer for phase 1 of a green hydrogen project currently under development in Texas.
