Raven SR, the renewable fuels producer, has taken a strategic investment from Stellar J Corporation, its primary US-based EPC partner, according to a news release.
The investment will support commercialization of Raven’s non-combustion waste-to-fuel process.
Raven plans to commence commercial operations for waste-to-hydrogen production in early 2024 and commercial operations for sustainable aviation fuel (SAF) in 2025.
Stellar J is the sixth strategic investor in Raven SR, which is currently undergoing a Series C with bank of America and Barclays. The current complement of strategic investors also includes global oil and gas major Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors, Ascent Hydrogen Fund, and Samsung Ventures.
Stellar J has fabricated Raven SR units for full-scale hydrogen production reformers. A trial of the units in August 2022 demonstrated that Raven SR’s ground-breaking and proprietary technology for waste-to-hydrogen and gas-to-hydrogen processes is commercially ready.
