Raven SR acquires Benicia Fabrication & Machine

PINEDALE, Wyo – Raven SR Inc. (Raven SR), a company that converts waste into renewable fuels, today announced the acquisition of Benicia Fabrication & Machine Inc. (BFM), which will build several key components of Raven’s Steam / CO2 Reform as the company ramps up to meet the growing demand for green hydrogen and renewable synthetic fuels.

BFM, based in the San Francisco Bay Area, brings extensive experience in the production of pressure vessels, heat exchangers and other critical operational equipment for the upstream and downstream oil and gas industries. as well as electricity and utilities. Raven SR’s acquisition extends BFM’s engineering and equipment manufacturing capabilities to the renewable fuels industry. BFM will manufacture the proprietary reactors for the Raven SR systems to be installed in 2022 for waste-to-energy projects in California and serve Raven’s expanding global projects pipeline.

“By acquiring a US company with a history of success in the energy industry, we will reliably deliver our renewable fuel production units to a growing market,” said Matt Murdock, CEO of Raven SR. “Businesses 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 disruption to manufacturing. “

By acquiring a high-quality, specialty manufacturer moving to green power manufacturing, Raven will ensure quality control of its production units, maintain competitive prices for its retail fuels, and manage its equipment supply chain to to respond successfully to the project demand.

BFM will retain its name and CEO Carmelo Santiago, PE, 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.

“Being part of Raven SR is launching us into renewable energy, giving us the immediate opportunity to join the energy transition,” said Santiago. “By combining our mechanical engineering know-how with the chemical engineering advances of Raven SR, we can serve a wider range of customers across the energy spectrum. “

BFM is also aligned with its customers’ initiatives in terms of clean energy. Its first client, Chevron, is also a strategic investor in Raven SR.

BFM offers technical design and manufacture of ASME certified equipment for all types of industries. It manufactures equipment up to turnkey final assembly and components for original equipment manufacturers (OEMs) as well as the replacement of non-OEM components. It also provides maintenance support for the repair of industrial equipment.

The acquisition of BFM comes after Raven SR announced its partnership with Republic Services to locate its first waste hydrogen production facility in California at the West Contra Costa landfill in Richmond, California. Raven SR will convert organic waste with its patented non-combustion process to produce green hydrogen that will be resold at commercial gas stations in Northern California to power passenger vehicles and heavy fuel cell vehicles. Raven SR will lead the way in early 2022 at the Richmond site.

About Raven SR

Raven SR, headquartered in Wyoming, transforms biomass, municipal mixed solid waste, biosolids, wastewater, medical waste, and natural gas or biogas into renewable fuels. Use of its patented vapor / CO, combustion-free and non-catalytic2 Reforming technology, Raven SR reliably produces hydrogen-rich syngas, regardless of the raw material used. Raven SR, led by co-founders Matt Murdock and Matt Scanlon, is committed to adding value to resources and local communities while responsibly reducing greenhouse gases and achieving a low-emission economy. carbon. 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. Visit ravensr.com.

About Benicia Fabrication et Machine Inc.

Benicia Fabrication and Machine, Inc. (BFM) is a heavy-duty fabrication and machine shop specializing in the repair, maintenance and new construction of pressure vessels, heat exchangers and various industrial equipment. BFM offers the technical design and manufacture of ASME certified equipment for all types of industries and equipment. In addition, we provide maintenance support for the repair of industrial equipment. Founded in 1983, BFM’s facilities are located in the Benicia Industrial Park in Benicia, California (San Francisco Bay Area). The facility is located on 4 acres and operates four large bays comprised of fabrication, machine, plate and assembly and test shops. BFM is ready to meet your needs to provide you with a high quality product.

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