Raven SR announced the closing of a strategic investment from Stellar J Corporation, its primary U.S.-based engineering, procurement and construction partner, to support the commercialization of Raven SR's non-combustion waste-to-fuel process.

Raven SR plans to commence commercial operations for waste-to-H₂ production in early 2024 and commercial operations for sustainable aviation fuel in 2025.

Stellar J is the sixth strategic investor in Raven SR since the company was founded. The current complement of strategic investors also includes global oil and gas major Chevron, Japanese trading house ITOCHU, H₂ mobility leader and innovator Hyzon Motors, Ascent H₂ Fund, and Samsung Ventures.

Stellar J has fabricated Raven SR units for full-scale H₂ production reformers. A successful trial of the units in August 2022 demonstrated that Raven SR's ground-breaking and proprietary technology for waste-to-H₂ and gas-to-H₂ processes is commercially ready and effective.

"As we expand our global reach, Raven SR values this expression of deep support and confidence by Stellar J as we move together from sharing a vision to making a transformative impact in the transportation fuel sector," said Matt Murdock, CEO of Raven SR. "Stellar J's knowledgeable and experienced team of engineers have proven to be valuable partners who are passionate about bringing Raven SR's technology to market to advance the energy transition worldwide."

Stellar J has a long-standing track record of work with public and private companies, including public and private projects, engineering, procurement and construction, and design, bid and build structures, including bio-gas energy projects, digesters, landfill construction and wastewater treatment plants.

"Our investment and partnership with Raven SR recognize the unique value proposition they provide as an answer to waste disposal challenges. Combined with efficient supply of cleaner transportation fuels, that creates even greater environmental and economic benefits," said Bob Kinghorn, CEO of Stellar J Corporation. "We see tremendous opportunity to not only serve as a contractor for Raven SR but also an aligned strategic partner."