Woodland Biofuels to pour USD 1.35bn into Louisiana port biofuel hub
Sep 18, 2024 8:54 CESTRaven SR Inc, Chevron Corp (NYSE:CVX) and Hyzon Motors Inc (NASDAQ:HYZN) are partnering to deliver a waste-to-hydrogen production facility in Richmond, California that will supply mobility markets in Northern California, according to an announcement today.
The facility will be owned by a new company, called Raven SR S1 LLC, where Chevron New Energies, a division of Chevron USA Inc, has a 50% stake, Raven SR - 30% and Hyzon - 20%. Chevron and Hyzon are strategic investors in Raven SR.
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Scheduled to become operational in the first quarter of 2024, the project will divert up to 99 wet tonnes of green and food waste per day from Republic Services’ West Contra Costa Sanitary Landfill to produce up to 2,400 tonnes per year of renewable hydrogen.
Raven SR will operate the facility. The company has developed a non-combustion thermal, chemical reductive technology that turns organic waste and landfill gas into hydrogen and Fischer-Tropsch synthetic fuels. The process uses no fresh water and less energy than electrolysis. It is said to be capable of providing fuel with low to negative carbon intensity.
"Our strategic partners’ commitment to the first non-combustion Steam/CO2 facility in the world will help drive our commercial operations in Richmond and accelerate similar facilities globally," said Raven chief executive Matt Murdock.
Chevron intends to market its portion of the hydrogen in Bay Area and Northern California fueling stations, while fuel cell electric commercial vehicle supplier Hyzon plans to offer refueling for hydrogen fuel cell trucks at a hydrogen hub in Richmond.
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