Global infrastructure fund I Squared Capital acquired Perth-based Clean Energy Fuels Australia (CEFA) and is backing it to develop an Energy Transition Platform for reducing the carbon footprint of mining operations in Australia. The platform could invest up to $500 million on assets providing low-carbon and renewable solutions, CEFA reported.
The Energy Transition Platform will offer an integrated solution to remote mining customers that will include end-to-end logistics for liquefied natural gas (LNG) solutions for replacing diesel with LNG, re-deployable solar solutions and green hydrogen solutions.
Silver Lake Resources’ Deflector gold mine is the first customer adopting LNG infrastructure and solutions, CEFA reported. “In addition, CEFA has secured a site in Port Hedland, which will serve as CEFA’s second LNG Hub in the Pilbara region,” Romano Bernhard, managing director, CEFA, said. “CEFA aims to build modular and flexible LNG liquefaction plants with cumulative capacity of up to 200,000 metric tons per year.”
