Raven SR Inc. (Raven SR), a waste-to-renewable fuels company, announced it has acquired Benicia Fabrication & Machine Inc. (BFM), which will construct several key components of Raven’s Steam/CO2 Reformer system as the company ramps up to meet increasing demand for green hydrogen and renewable synthetic fuels.
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BFM, based in the San Francisco Bay Area, brings extensive experience in producing pressure vessels, heat exchangers and other crucial operational equipment for the upstream and downstream oil and gas as well as power and utilities sectors. The acquisition by Raven SR extends BFM’s engineering and equipment fabrication capabilities into the renewable fuels sector. BFM will fabricate the proprietary reactors of the Raven SR systems to be installed in 2022 for waste-to-energy projects in California and serve Raven’s expanding global project pipeline.
“By acquiring an American firm with a record of success in the energy sector, we will reliably deliver our renewable fuels production units to a growing market,” said Matt Murdock, Raven SR CEO. “Companies and consumers are demanding responses to climate change sooner rather than later and our acquisition of BFM means we can meet the challenge now and mitigate manufacturing disruptions.”
By acquiring a high-quality specialized fabricator moving into the green energy fabrication, Raven will ensure quality control of its production units, maintain competitive pricing of its retail fuels and manage its equipment supply chain in order to successfully meet project demand.
BFM will retain its name and its CEO Carmelo Santiago, P.E., will become vice president of manufacturing at Raven and president of BFM as a wholly-owned subsidiary of Raven SR. BFM will also continue to serve its existing customers in the refining and utility sectors.
The BFM acquisition comes after Raven SR announced its partnership with Republic Services to site its first California waste-to-hydrogen production facility at the West Contra Costa Sanitary Landfill in Richmond, Calif.