Infrastructure firm Ara Partners acquired a majority interest in energy provider firm USD Clean Fuels to bring critical infrastructure solutions in the North American renewable fuel market, beginning with West Colton Rail Terminal, on Tuesday.
The company said as part of the deal, USDCF also acquired the West Colton Rail Terminal, a fully operational biofuels terminal in California. The company also said Ara has committed additional capital to support the significant expansion of USDCF’s infrastructure footprint.
George Yong, partner of infrastructure at Ara Partners stated, “We have high conviction that the green molecules economy whether it’s renewable fuel feedstocks or biofuels offers a disproportionate opportunity for returns and impact.”
Almost a year ago, Ara Partners acquired a majority interest in Wattstor automated carbon reduction provider where it planned to use the new funding to increase its European foothold boost and R&D.
USD Group is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure across North America.
The Texas-based company Ara Partners is an infrastructure firm that focuses on investments in the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture sectors.
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