Woodland Biofuels to pour USD 1.35bn into Louisiana port biofuel hub
Sep 18, 2024 8:54 CESTPrivate equity firm Ara Partners said Tuesday it has acquired a majority stake in USD Clean Fuels LLC (USDCF), a Houston, Texas-based developer of terminal infrastructure for renewable fuel feedstocks and biofuels.
The deal involves the acquisition of the West Colton Rail Terminal, an operational biofuels terminal in California. According to the announcement, Ara has also pledged additional funds to back significant expansion of USDCF’s footprint.
“We have high conviction that the green molecules economy – whether it’s renewable fuel feedstocks or biofuels – offers disproportionate opportunity for returns and impact,” said George Yong, partner and co-head of Infrastructure at Ara Partners. Yong added that the USDCF platform is compelling as it combines a qualitative management team with a portfolio of premiere terminal logistics projects that lay the foundation for a robust and scalable infrastructure business.
Financial details of the transaction were not provided.
Woodland Biofuels to pour USD 1.35bn into Louisiana port biofuel hub
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