Oberon | Gulf Coast rDME Facility
USA
Greenfield
Overview
Status
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Greenfield
Region
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North America
Geography
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USA
State
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Texas
Equity Owner
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Oberon Fuels (backed by Suburban Propane)
Proponent
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Oberon Fuels
Output
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Renewable dimethyl-ether (rDME)
Type of electricty
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Capacity
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45,000 mtpy of methanol/rDME
Financing
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Technology
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Technical Advisors
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Advisors
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Morgan Stanley (topco and project capital raise)
Project Contact
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Oberon CEO Rebecca Bordreaux
Lawyers
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Project Cost
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$200m
Offtaker
-
Commercial Operations Date
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Decommission Date
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FID
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December, 2024
Description
Oberon Fuels, a California-based renewable fuels developer, is planning to build a Gulf Coast facility with a $200m capex. When operational it would produce 45,000 mtpy of methanol, or a comparative amount of rDME.
Oberon Fuels hopes to reach FID by the end of 2024.
In March 2024, Oberon announced it had hired Morgan Stanley for a capital raise and that it is preparing to issue $100m of municipal bonds from the state of Texas.