RockCreek invests in Raven which produces SAF
Raven SR will use RockCreek's investment to further commercialise low-to-negative carbon intensity hydrogen and sustainable aviation fuel (SAF).
The Raven SR investment is part of RockCreek's Smart Aviation Futures fund.
Working with a major US airline, Smart Aviation Futures invests in high-growth companies that enable and benefit from decarbonizing the aviation industry.
Airlines are looking to both sustainable aviation fuel and hydrogen as key energy transition tools.
"Raven SR is pioneering innovative ways to produce renewable transportation fuels that will play an instrumental role in decarbonizing the aviation and transportation industries," said Justin Heyman, managing director of RockCreek.
"Their products have an attractive environmental footprint and are cost competitive with traditional fuels. This offers industries smart options to both manage fuel costs and achieve abatement goals."
"RockCreek's investment in Raven SR signals the investing community's confidence that our patented steam/CO2 Reforming technology will have a significant impact on reducing carbon emissions through the production of carbon-neutral and carbon-negative fuels," said Matt Murdock, CEO of Raven SR.
"With the demand for sustainable aviation fuel and renewable hydrogen rapidly on the rise, RockCreek's support will play a vital role in advancing the development and expansion of our global business model."
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.