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Raven SR secures strategic investment from South Korea

US-based waste-to-fuel technology developer Raven SR Inc. has announced the closing of a strategic investment that it says will expand Raven SR's "reach into the global market, especially in the Asia-Pacific region." In 2021, Raven SR attracted funds totaling US$20 million from global oil and gas major Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors, and Ascent Hydrogen Fund.

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US-based waste-to-fuel technology developer, Raven SR Inc. has closed on a strategic investment from Samsung Ventures that it says will expand Raven SR’s “reach into the global market, especially in the Asia-Pacific region.” In August 2021, it announced its first collaboration with Republic Services Inc. to convert organic waste to produce green hydrogen at a site in Richmond, California (CA). Here, Raven SR will initially process up to almost 100 tonnes of organic waste per day at Republic Services’ West Contra Costa Sanitary Landfill and produce up to 2 000 tonnes per year of renewable hydrogen as well as power for its operations using its patented Steam/CO2 Reformation process (photo courtesy Raven SR).

Headquartered in Pinedale, Wyoming (WY), Raven SR, which will soon break ground in its first commercial waste-to-hydrogen production facility in the United States, says that it can produce green hydrogen and high-quality Fischer-Tropsch (FT) synthetic fuels, such as sustainable aviation fuel (SAF), from a wide range of feedstocks, including municipal solid waste (MSW), methane and biomass.

Proprietary process technology

According to the company, its proprietary, non-combustion, non-catalytic “Steam/CO2 Reformation” technology is designed to produce more green hydrogen per tonne of waste than competing processes.

The process can also produce other renewable energy products, such as synthetic liquid fuels (diesel, Jet A, mil-spec, JP-8), additives and solvents (such as acetone, butanol, and naphtha), electricity via microturbines, and SAF. The Steam/CO2 Reforming process is itself emissions-free and requires minimal waste sorting before processing.

The latest strategic investment, the value of which has not been disclosed, is from South Korea’s Samsung Ventures, and according to Raven SR “illustrates heightened demand for scalable renewable fuel production to respond to climate change concerns.”

Our readily deployable breakthrough technology is attracting strong backing from around the globe by major companies that are intent on making a difference in the energy transition today. Samsung’s appreciation for our renewable fuels process will step up our ability to deliver to new markets and provide an excellent addition for worldwide renewable energy projects, said Matt Murdock, CEO of Raven SR.

Tap into the South Korean clean hydrogen market

Samsung Ventures’ investment will expand Raven SR’s global reach to South Korea, a driving force in the hydrogen economy. The South Korean government recently announced plans to provide 27.9 million tonnes of clean hydrogen per year by 2050, replacing oil as the country’s predominant energy source and decreasing dependency on fossil fuels.

Samsung C&T, one of the world’s leading engineering, procurement, and construction (EPC) companies, will enhance the scalability of Raven SR in Asian markets and beyond as Raven’s strategic business partner.

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