Raven SR acquires Benicia Fabrication & Machine
Raven SR acquires Benicia Fabrication & Machine
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Raven SR Inc., a waste-to-renewable energy company based in Pinedale, Wyoming, has acquired Benicia Fabrication & Machine Inc. (BFM), a fabrication and machine shop based in Benicia, California. The acquisition will help Raven SR meet the increasing demand for green hydrogen and renewable synthetic fuels.
According to a news release from Raven SR, BFM has experience in producing pressure vessels, heat exchangers and other crucial operational equipment for the upstream and downstream oil, gas, power and utility sectors. BFM will fabricate the proprietary reactors of the Raven SR systems to be installed in 2022 for waste-to-energy projects in California and serve Raven SR’s expanding global project pipeline.
“By acquiring an American firm with a record of success in the energy sector, we will reliably deliver our renewable fuels production units to a growing market,” says Matt Murdock, Raven SR CEO. “Companies and consumers are demanding responses to climate change sooner rather than later, and our acquisition of BFM means we can meet the challenge now and mitigate manufacturing disruptions.”
By acquiring a specialized fabricator, Raven SR says it will ensure quality control of its production units, maintain competitive pricing of its retail fuels and manage its equipment supply chain to successfully meet project demand.
Raven SR says BFM will retain its name. Its CEO, Carmelo Santiago, will become vice president of manufacturing at Raven SR and president of BFM as a subsidiary of Raven SR. BFM will also continue to serve its existing customers in the refining and utility sectors.
“Becoming part of Raven SR launches us into renewable energy, giving us the immediate opportunity to join the energy transition,” Santiago says. “By combining our mechanical engineering know-how and Raven SR’s chemical engineering advances, we can serve a broader array of customers across the energy spectrum.”
The BFM acquisition comes after Raven SR announced its partnership with Republic Services to site its first California waste-to-hydrogen production facility at the West Contra Costa Sanitary Landfill in Richmond, California. Raven SR will convert organic waste with its noncombustion process to produce green hydrogen for commercial fueling stations in northern California to power passenger and heavy-duty fuel cell vehicles. Raven SR says it will break ground in early 2022 at the Richmond location.
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Source: Recycling Today
Raven SR acquires Benicia Fabrication & Machine
<![CDATA[Raven SR Inc., a waste-to-renewable energy company based in Pinedale, Wyoming, has acquired Benicia Fabrication & Machine Inc. (BFM), a fabrication and machine shop based in Benicia, California. The acquisition will help Raven SR meet the increasing demand for green hydrogen and renewable synthetic fuels. According to a news release from Raven SR, BFM has experience in producing pressure vessels, heat exchangers and other crucial operational equipment for the upstream and downstream oil, gas, power and utility sectors. BFM will fabricate the proprietary reactors of the Raven SR systems to be installed in 2022 for waste-to-energy projects in California and serve Raven SR’s expanding global project pipeline. “By acquiring an American firm with a record of success in the energy sector, we will reliably deliver our renewable fuels production units to a growing market,” says Matt Murdock, Raven SR CEO. “Companies and consumers are demanding responses to climate change sooner rather than later, and our acquisition of BFM means we can meet the challenge now and mitigate manufacturing disruptions.” By acquiring a specialized fabricator, Raven SR says it will ensure quality control of its production units, maintain competitive pricing of its retail fuels and manage its equipment supply chain to…