Raven SR Inc. (Raven SR), a renewable fuels company, announced today the closing of a strategic investment from Stellar J Corporation (Stellar J), its primary U.S.-based engineering, procurement and construction partner, to support the commercialization of Raven SR’s non-combustion waste-to-fuel process.
Raven SR 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 since the company was founded. 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 successful 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 and effective.
“As we expand our global reach, Raven SR values this expression of deep support and confidence by Stellar J as we move together from sharing a vision to making a transformative impact in the transportation fuel sector,” said Matt Murdock, CEO of Raven SR.
“Stellar J’s knowledgeable and experienced team of engineers have proven to be valuable partners who are passionate about bringing Raven SR’s technology to market to advance the energy transition worldwide.”
“Our investment and partnership with Raven SR recognize the unique value proposition they provide as an answer to waste disposal challenges. Combined with efficient supply of cleaner transportation fuels, that creates even greater environmental and economic benefits,” said Bob Kinghorn, CEO of Stellar J Corporation.
“We see tremendous opportunity to not only serve as a contractor for Raven SR but also an aligned strategic partner.”
The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels. Unlike other hydrogen production technologies, its Steam/CO2 Reformation does not require fresh water as a feedstock. The process is more efficient than conventional hydrogen production and can deliver fuel with low to negative carbon intensity.