Published by Todd Bush on June 16, 2022
SAN ANTONIO--(BUSINESS WIRE)--Streamline Innovations, Inc. (“Streamline”), the leader in green solutions for treating hydrogen sulfide (H2S) and other toxic emissions, has raised new growth capital via an equity raise led by Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), which are closed-end funds managed by Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”), and an upsize of its Term Loan from Riverstone Credit Partners LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”). Riverstone also participated in the equity raise. Proceeds will be used to construct additional Valkyrie™ plants to expand Streamline’s fleet across multiple sectors and geographies.
>> In Other News: XENDEE Raises $12M Series A Financing to Accelerate Deployments of Net-Zero Distributed Energy Systems and Ultra-Fast EV Charging Infrastructure
Sustainable Fitch, a division of Fitch Group focused on ESG, recently recognized the Term Loan as a Green Loan aligned with the four pillars of the LSTA Green Loan Principles and the LSTA category of pollution and prevention. This ESG rating validates Streamline’s green technology as a solution for helping industry move forward to a sustainable and clean future.
Streamline’s patented, biodegradable chemistry and processes convert toxic H2S into elemental sulfur, which can be cleanly disposed of or used in agricultural purposes, such as fertilizer. Many alternative treatment solutions result in hazardous or toxic byproducts that require special handling. In addition, Streamline’s chemistry is regenerative, so it can be reused hundreds of times versus toxic alternatives, reducing its footprint and the consumption of raw materials relative to other alternatives.
“We are thrilled to partner with Kayne Anderson and strengthen our relationship with Riverstone with this growth capital financing,” said David Sisk, Co-Founder and CEO. “The new funds will be put to immediate use to expand our lease fleet. More Valkyrie units will help us meet growing demand for our environmental solutions for H2S and be more responsive to the market by substantially reducing delivery times for our units. Also, we will use this capital to further penetrate and aggressively grow our presence in the energy transition markets, including RNG, LNG, renewable fuels and CCUS.”
Ron Logan, Senior Managing Director and Portfolio Manager at Kayne Anderson, said, “We have been impressed by Streamline’s green solutions for solving a persistent and pervasive problem faced by multiple industries worldwide. We invested in Streamline recognizing its growth potential and are excited to contribute our capital and experience to help scale the business.”
Chris Abbate, a Partner at Riverstone, said, “We are pleased to increase our commitment to Streamline and help them expand their Valkyrie fleet. Their green solutions are exactly what the industry needs to improve environmental performance, reduce emissions and achieve overall sustainability goals.”
Citigroup served as exclusive placement agent for the equity raise.
Streamline Innovations' vision is Eliminating Emissions Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help our customers achieve the “E” in ESG. H2S is present in many industrial processes throughout the world, and our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents, corrosion and SO2 emissions, a primary cause of acid rain.
We also believe that achieving climate-improving directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water.
Visit streamlineinnovations.com for more information.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure/energy, renewables, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages $33 billion in assets (as of 4/30/2022) for institutional investors, family offices, high net worth and retail clients and employs 325 professionals in five core offices across the U.S.
Founded in 2000, Riverstone is an investment firm focused on executing private equity and credit investments in energy, power, decarbonization and infrastructure. To date, the Firm has raised approximately $43 billion of capital, which it has deployed across its platform to over 200 portfolio companies since inception. For more information about Riverstone, please visit www.riverstonellc.com
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💸 Prometheus Slashes Cost of Carbon Capture by More Than 80%, Unlocking Affordable E-Fuels as a New Source of 24/7 Carbon Neutral Power 🌱 Pinwheel Opens Global Call for High-Impa...
Inside This Issue ⚡ The Energy Source That Could Survive Trump’s Attack on California’s Green Ambitions 🌍 Carbon Business Council Expands European Footprint to Support the Continent’s Carbon Remov...
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Landus Creates New Premium Opportunities with Clean Fuel Regulation Initiative
Farmers can easily enroll their 2025 crop in the program starting in August DES MOINES, Iowa / PRNewswire/ -- Iowa farmers have a new market opportunity for their 2025 soybean crop. Landus is expa...
Pinwheel Opens Global Call for High-Impact Nature-Based Carbon Removal Projects
Pinwheel just launched another application round, hunting for durable and nature-based carbon removal projects that can deliver real impact for major corporate clients. Since launching at COP26 in...
HOUSTON /PRNewswire/ -- HydrogenXT, a leading innovator in zero-carbon fuel-grade blue hydrogen, today announced it has secured a definitive Term Sheet for $900 million in combined debt and equity ...
Northern Endurance Partnership Awards Halliburton Contract for Carbon Capture and Storage Monitoring
HOUSTON — Halliburton (NYSE: HAL) today announced a contract award to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (C...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.