A new partnership will help finance the development of one of the nation’s largest sustainable aviation fuel projects, a woody biomass-based biorefinery planned for Washington State. This week, Northwest Advanced Bio-Fuels announced a funding partnership with Black Gold Equity Partners, a private equity platform that finances and transforms innovative businesses into institutional-quality operating platforms.
“One of the greatest challenges facing the sustainable fuels industry isn’t technology - it’s access to capital,” said Dave Smoot, a Scottsdale Business Owner and Founder of Northwest Advanced Bio-Fuels. “Black Gold Equity Partners understands what it takes to build a project like this one. Their backing helps us move from concept to construction, and we believe it shows what’s possible for sustainable fuel infrastructure across the country.”
The partnership comes as industry-wide mandates and standards for lower-carbon transportation fuels take effect across global markets beginning in 2030.
