Starwood Energy Group (Starwood Energy), a private investment firm specialising in energy infrastructure investments, has joined forces with Slate Refining to develop renewable fuels.
Slate Refining, an energy production and wholesale distribution and logistics firm, will work with Starwood Energy to reconfigure Slate’s refinery in Douglas, Wyoming into a state-of-the-art renewable fuels production facility.
On completion of the project, the plant is expected to produce over 100 million gallons annually of renewable fuels, such as renewable diesel, sustainable aviation fuel, and Arctic diesel.
“We are excited to partner with Slate on this project and to bring our considerable expertise in developing, building and operating world-class energy infrastructure projects to this opportunity,” said Himanshu Saxena, CEO of Starwood Energy.
“The Douglas facility is ideally positioned to provide renewable fuels to serve both the US and Canadian markets to help off-takers meet their renewable fuel goals. The energy sector is undergoing rapid transition with emphasis on ESG and decarbonisation and Starwood Energy is proud to be at the forefront of these changes.”
Both Starwood Energy and Slate are committed to the production of high-grade, low-carbon fuel alternatives. The development of the project is designed to provide viable renewable fuel options for a multitude of fuel end-users, helping them achieve carbon neutrality.
Jared Geilmann, CEO of Slate, commented: “Slate is thrilled to be partnering with Starwood Energy on this exciting opportunity to be a leader in the development of renewable fuels. We are confident that the combination of our teams’ extensive operating experience and development expertise will result in a highly successful project.
“We believe that this partnership will provide the framework to bring together all of the necessary resources, talent, creativity, and experience to repurpose and operate a top-tier renewable fuels facility.”
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector