Norway-based Hexagon Composites CEO Jon Erik Engeset will step down as group president and chief executive officer.
The company will shortly commence a search process. Engeset will continue as CEO until the position is filled, following which he will continue to support the company in an advisory role, the company said in a news release.
Hexagon Group is a global manufacturer of Type 4 composite cylinders used for storing gas under high-and low-pressure.
The development capital milestone will allow the company to reach FID on a $4.2bn SAF facility in Louisiana.
Captura has added National Grid Partners and Japan Airlines Innovation Fund as investors.
The Summit Agricultural Group-backed developer has raised the required capital to reach FID on the ethanol-to-jet fuel project by next year.
Optimizing electrolysis for renewables depends not just on how far you can turn the machine up, but how far you can turn it down. We asked electrolyzer makers: how low can you go?
A developer of planned microgrid communities will look for an electrolysis partner to provide green hydrogen for use in agricultural applications and is planning to go to market for platform equity and project debt.
Vinson & Elkins Partner Alan Alexander, whose clients include OCI and Lotus Infrastructure, has watched the hydrogen project development space evolve from a fledgling idea to one that is ready for actionable projects.
