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Raven SR Announces Strategic Investment from Samsung Ventures

Raven SR Announces Strategic Investment from Samsung Ventures

PINEDALE, Wyo., March 14, 2022 /PRNewswire/ — Raven SR Inc. (Raven SR)a renewable fuels company, today announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach in the global market, particularly in Asia Pacific Region.

Samsung Ventures’ strategic investment illustrates the increased demand for scalable production of renewable fuels to address climate change concerns. In 2021, Raven SR attracted funds totaling $20 million global oil and gas giant Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors and the Ascent Hydrogen Fund.

Raven SR, soon to open its first commercial waste-to-hydrogen facility in the United States, can produce green hydrogen and high-quality Fischer-Tropsch synthetic fuels, such as sustainable aviation fuel, from from a wide range of feedstocks, including municipal solid waste, methane and biomass. Raven SR Combustion Free Steam/CO2 The reforming process itself is emission-free and requires minimal sorting of waste before processing.

Samsung Ventures investment will expand Raven SR’s global reach to South Korea, the engine of the hydrogen economy. The South Korean government recently announced plans to supply 27.9 million metric tons of clean hydrogen per year by 2050, replacing oil as the country’s main energy source and reducing dependence on fossil fuels.

“Our cutting-edge, easily deployable technology has strong global support from leading companies intent on making a difference in the energy transition today,” said matt murdock, CEO of Raven SR. “Samsung’s appreciation for our renewable fuels process will strengthen our ability to deliver to new markets and provide an excellent complement for global renewable energy projects.”

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

Raven SR’s technology is designed to produce more green hydrogen per ton of waste than competitive processes. The Raven SR 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 sustainable aviation fuel.

About Raven SR

Raven SR, headquartered in Wyoming, transforms biomass, mixed municipal solid waste, biosolids, wastewater, medical waste and natural gas or biogas into renewable fuels. Utilizing its proprietary, non-combustion, non-catalytic “Vapor/CO” system2 Reforming”, Raven SR reliably produces hydrogen-rich syngas regardless of the feedstock used. Raven SR, led by the co-founders matt murdock and Matt Scanlon, is committed to adding value to local resources and communities while responsibly reducing greenhouse gases and achieving a low-carbon economy. By using modular systems and producing low air emissions, their systems can be located closer to customers and raw materials, creating local fuel from local waste for local mobility. To visit https://ravensr.com.

About Samsung Ventures

Samsung Venture Investment Corporation was established to promote promising small and medium enterprises engaged in the development of new technologies. Our collaboration is based on managerial know-how and trust, and actively invests in forward-looking companies based on new and innovative technologies that should serve as new engines of growth. Please visit our website for more details; https://www.samsungventure.co.kr/english_main.do

About Samsung C&T

Samsung C&T is a global company comprised of four business groups: Engineering & Construction, Trade & Investment, Fashion and Resort. Together they provide services and products in over 50 countries. Learn more about Samsung C&T at http://www.samsungcnt.com.

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