Red Rock Biofuels seeking new development partner

In Texas, Red Rock Biofuels LLC is working with GLC Advisors & Co. to source a development partner to finance the completion of its biofuels facility that will produce sustainable aviation fuel (SAF) and renewable diesel. The facility will be one of the first SAF plants in North America to produce drop-in fuels and is designed to produce approximately 20 million gallons per year of low-carbon intensity renewable biofuels.

As part of the process to source a development partner, the Company has parted ways with Terrance Kulesa and Jeffrey Manternach and put in place new management, a new engineering team and an independent committee of the board, each with deep expertise and experience in engineering, energy project construction and turnaround management. Specifically, the Company terminated its arrangements with companies affiliated with Kulesa and Manternach and transitioned to a best-in-class engineering, procurement and construction (EPC) team that includes: S&B Engineers and Constructors, Ltd.; Nexus Program Management Group, LLC, which will be evaluating startup and commissioning efforts, a world leading engineering construction company; and EthosEnergy, which is providing asset management services.