HOUSTON–(BUSINESS WIRE)–Arroyo Traders, a Houston-based, unbiased funding supervisor targeted on energy and vitality infrastructure property all through the Americas, right this moment introduced it has just lately closed an funding in Seaside LNG and its affiliated entities (the Firm), an built-in shore-side LNG liquefaction and bunkering platform within the U.S.
The Firm owns pursuits in two separate working companies: (A) a 50% possession curiosity in JAX LNG, LLC, a small-scale (360,000 gallons/day) LNG liquefaction facility working two trains in Jacksonville, Florida; and (B) a 100% possession stake in an LNG bunkering barge operation by means of Polaris New Vitality.
“We imagine this funding represents a differentiated alternative for Arroyo to personal and function infrastructure property which might be strategically positioned to assist facilitate the worldwide marine business’s transition from conventional heavy gas to cleaner LNG, in compliance with IMO 2020,” mentioned Brandon Wax, Managing Director at Arroyo. “As an financial and environmentally pleasant gas provide various, we imagine LNG is a key element within the transformation of the vitality panorama and Seaside LNG is nicely positioned to prepared the ground by supplying LNG to its prospects.”
Credit score Suisse Securities (USA) LLC acted as unique monetary advisor to Arroyo.
Arroyo Traders is an unbiased funding supervisor targeted on energy technology and associated infrastructure initiatives all through the Americas. Arroyo is predicated in Houston, Texas with an workplace in Santiago, Chile. Arroyo’s infrastructure funding focus consists of pure fuel transportation and storage, typical and renewable energy technology, vitality storage and gas logistics. Arroyo integrates an asset’s environmental and social qualities into its funding selections. The agency at the moment owns investments in america, Mexico and Chile. For additional info, please go to www.arroyoinvestors.com.
ABOUT SEASIDE LNG
Seaside gives LNG manufacturing and maritime transportation logistics to fulfill the rising demand for LNG, a cleaner various gas, to prospects within the maritime, aerospace and transportation industries. Seaside owns 50% of JAX LNG, a small-scale (360,000 gallons/day) LNG manufacturing facility working two trains in Jacksonville, Florida, and a 100% possession stake in an LNG bunkering barge operation by means of Polaris New Vitality. The corporate at the moment owns the barge Clear Canaveral and tug Polaris, which operates as an Articulated Tug & Barge Unit. Seaside is increasing its barge fleet by developing a sister barge that’s scheduled for supply by finish of 2023. For additional info, please go to www.seasidelng.com.