Northwest Advanced Bio-Fuels close to $600M investment from Stonepeak

In Washington state, Northwest Advanced Bio-Fuels, LLC (NWABF), with the recent execution of a Memorandum of Understanding, has made major progress toward securing a strategic long-term investment into its Sustainable Aviation Fuel project in Washington State from Stonepeak Infrastructure Partners, an independent investment firm specializing in North American infrastructure.

The potential $600 million investment from Stonepeak, arranged by Morgan Stanley & Co. LLC as placement agent, may be made through SP Holdings LLC, or another fund or entity managed by Stonepeak. SP Holdings, LLC, is the sole member of the general partner of Evolve Transition Infrastructure LP, a publicly-traded limited partnership formed in 2005 focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. Once finalized, the investment would help finance the largest announced SAF/renewable biofuels project using cellulosic feedstock in the world.