Arbor Renewable Gas (Arbor Gas) has announced its underlying capital commitment from EnCap Investments, a major provider of equity capital to the independent sector of the US energy industry, and from Mercuria Energy, a global energy and commodity trading organisation.
Headquartered in Houston, Texas, Arbor Gas is developing state-of-the-art, industrial-scale renewable gasoline (petrol) and green hydrogen projects to accelerate the US transition to low-carbon fuels, helping to shape a more diverse, sustainable transport system.
Arbor Gas’ strategy is to design, build, own, and operate facilities that efficiently convert woody biomass into low carbon intensity renewable gasoline (petrol) and green hydrogen.
SunGas Renewables, a subsidiary of GTI International, has entered into an exclusive joint development agreement with Arbor Gas to provide its gasification systems to Arbor Gas projects. Haldor Topsoe licensed its proprietary process and technology for methanol and gasoline synthesis.
“The Arbor Gas team has been financing, building, and operating world-scale energy conversion facilities for decades, with a focus on safe and efficient operations,” said Timothy Vail, CEO of Arbor Gas.
“Bringing proven industrial-scale development leadership has been the missing component to delivering cost-competitive broad-scale distribution of low carbon transportation fuels. With the funding, we now have the opportunity to use these skills to advance the global fuel decarbonisation effort in a meaningful way.”
Brian Falik, Mercuria’s chief investment officer, commented: “Mercuria is pleased to have the opportunity to participate alongside EnCap in backing the excellent management team of Arbor Gas for its development of a high-value, low-carbon transportation fuel infrastructure portfolio.
“The Arbor Gas investment furthers Mercuria’s commitment to the development of innovative projects with leading technology partners in the global transition towards sustainable energy production.”
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