In Bulgaria, Renewables Now reported that private equity firm Ara Partners said it has acquired a majority stake in USD Clean Fuels LLC (USDCF), a Houston, Texas-based developer of terminal infrastructure for renewable fuel feedstocks and biofuels.
According to the report, the deal involves the acquisition of the West Colton Rail Terminal, an operational biofuels terminal in California.
“We have high conviction that the green molecules economy – whether it’s renewable fuel feedstocks or biofuels – offers disproportionate opportunity for returns and impact,” said George Yong, partner and co-head of Infrastructure at Ara Partners. Yong added that the USDCF platform is compelling as it combines a qualitative management team with a portfolio of premiere terminal logistics projects that lay the foundation for a robust and scalable infrastructure business.
Tags: Ara Partners, Bulgaria, USDCF)
Category: Fuels
