Wyoming-based renewable fuels company Raven SR has closed a $20m strategic investment, according to a press release.
Chevron U.S.A., ITOCHU Corporation, Hyzon Motors Inc. and Ascent Hydrogen Fund participated. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide.
Raven SR’s Steam/CO2 Reformation process involves no combustion, unlike incineration or gasification. The company’s process can also produce other renewable energy products such as synthetic liquid fuels (diesel, Jet A, mil-spec JP-8), additives and solvents (such as acetone, butanol, and naphtha) and sustainable aviation fuel (SAF).
The investment follows an agreement between Raven and Hyzon Motors to build up to 250 hydrogen production facilities across the United States and globally. Hyzon Motors, with US operations based in Rochester, New York, is a supplier of fuel cell-powered commercial vehicles.
Raven SR’s first renewable fuel production facilities will be built at landfills and will produce fuel for Northern California hydrogen fuel stations and for Hyzon’s hydrogen hubs. These initial facilities are expected to process approximately 200 tons of organic waste daily, yielding green hydrogen and producing on-site energy.
Raven SR’s production units are modular. In addition to landfills, they can also be placed at wastewater treatment plants and agriculture sites.
