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.
Global investment firm Carlyle and GIC have invested in green ammonia developer Eneus Energy Limited
The investment, comprising inputs from some of the largest aerospace and financial players, will enable the company to accelerate certification of its first engine.
Cemvita said it was five years ahead of schedule in producing 500 barrels per day of sustainable oil from its first commercial plant.
Publicly listed Verde Clean Fuels plans to seek equity and debt investors for low-carbon gasoline refineries it expects to deploy across the US. We spoke to CEO Ernest Miller about the strategy.
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.
Strained efforts to build thousands of miles of carbon dioxide pipelines in the U.S. Midwest could carry major implications for future projects – and for the region’s nascent clean fuels industry. According to one industry CEO, “Ethanol plants are sitting on a gold mine.”
