PRESS RELEASE: March 16th, 2022
Ecostrat is pleased to announce that Crossbridge Energy Partners has joined the BDO Zone Strategic Alliance as a partner in the Supply Chain Group. BDO Zone Strategic Alliance Partners are best-of-kind companies that help de-risk biobased project development in BDO Zones.
“Crossbridge is very excited to be a part of the BDO Zone initiative,” says Derek Becht, Chief Operating Officer for Crossbridge Energy Partners. “We feel this Strategic Alliance brings unique value to project developers, business partners, and most importantly the communities these projects will impact.
The renewables space is rapidly evolving as communities are demanding emissions reductions and zero environmental impacts. Investments in energy transition projects are increasing at a rapid pace, and Crossbridge Energy Partners is excited for the opportunity to support the BDO Zone Initiative, a unique vehicle designed to accelerate the energy transition. This is clearly a win-win for both the communities and domestic energy security.”
Jordan Solomon, President of Ecostrat, states: “We welcome Crossbridge to the BDO Zone Strategic Alliance as a new Supply Chain Partner. The addition of Crossbridge will be instrumental in helping new bio-based plants secure their future by making a sound transition into net-zero sustainable energy from traditional energy infrastructure.”
American biomass provides an economic development engine with the potential to create 160,000 jobs and nearly $15 billion of economic benefit. The BDO Zone Initiative can help the U.S. realize this potential by supporting new market development for American bioenergy, advanced biofuels, biobased heat and power, bio-materials, and clean hydrogen.
About Crossbridge Energy Partners
Crossbridge Energy Partners, LLC was formed in 2021 to capitalize on the current dislocation in the legacy refining sector and the energy transition project space. Crossbridge’s core operations include the following two segments:
● Refining Transitions
● Operations & Maintenance (O&M) Services
The company owns and operates production facilities in Europe and in the US. With respect to O&M, Crossbridge provides their clients with true asset commercial management services. Capital and debt commitments are difficult to procure prior to the project’s Final Investment Decision (FID) without clear operating and maintenance solutions. These projects require a bankable O&M partner with a history of providing a license to operate (i.e., Safety, Health, and Environmental compliance) in complex fuels manufacturing. Crossbridge’s O&M Services model helps de-risk the project and provide developers, and their investors, an independent partner who is focused on long-term value creation throughout construction, start-up, and future operations of the facility. Crossbridge engineers work closely within the contract framework to support the EPCs, licensors, constructors, and developers to ensure success and the desired end state. The key distinction is that Crossbridge will be the only operating party working with the project over its entire lifecycle.
Another important aspect of the Crossbridge model is their partnership with BECHT. Becht is a service-oriented engineering consulting firm that is focused on providing technically excellent engineering services and innovative, sustainable solutions for clients worldwide. BECHT’s production engineering consultants serve as both a contingent workforce and as the owner’s or investor’s engineer. The partnership also allows Crossbridge to scale up the site workforce as necessary during the project’s life cycle while the BECHT project team is focused on production assurance. This collaborative personnel approach creates more schedule flexibility, allowing project developers to focus on raising capital and other commercial aspects required to execute the project.
For more information about Crossbridge, visit www.staging.cepsite.flywheelsites.com/about. To connect directly with Matthew Drake, Director – Projects, please email matthew.drake@staging.cepsite.flywheelsites.com.
About The BDO Zone Initiative:
The BDO Zone Initiative (www.bdozone.org) is an economic development platform that enables local communities to deploy powerful economic development tools – BDO Zone Ratings – to achieve the goal of driving, accelerating and catalyzing biobased investment and commercial project development in BDO Zone designated regions for new biofuel, renewable chemical, biogas and bioproduct plants. BDO Zone ratings do this by carrying out credible technical evaluations on feedstock and infrastructure risk, and then enabling communities to effectively and easily signal and promote key feedstock and infrastructure “success” characteristics valued by biobased developers and investors around the world.
‘AA’ or ‘A’ rated BDO Zones identify the best areas for low-risk bioeconomy project development. BDO Zone ratings enable distressed communities to add capacity to support deployment of innovative technology and infrastructure, and this drives regional economic development to areas where poverty has been persistent for generations, harnessing natural resources to support biobased manufacturing and renewable energy production.
BDO Zones have the ability to move the needle on job creation, decarbonization, and social justice. By achieving the goal of 1,000 BDO Zones in four years across the US, this Initiative has the potential to create over 160,000 clean jobs, reduce green house gas (GHG) emissions by 2.59%, and provide $30,000,000/year into the local economy.
The BDO Zone Strategic Alliance Partnership is divided into four groups: Capital Markets Partners, Project Partners, Technology Partners, and Supply Chain Partners.
For more information on the BDO Zone Initiative, please contact info@bdozone.org.
About Ecostrat
Ecostrat led the USDOE/BETO funded project to develop the new investment Standards and Ratings for Biomass Supply Chain Risk. Its Biomass Supply Group has over 25 years of experience in sourcing and supplying over 5 million tons of biomass feedstock for bioenergy, biofuel, and biochemical projects across North America. Its Advisory Group combines the BSCR Standards with powerful predictive analytics to understand and minimize supply chain risk.
Jordan Solomon is Chairman of the BDO Zone Initiative and President of Ecostrat. He has overseen development and operation of biomass supply chains for over 5,000,000 tons of feedstock over two decades for bioenergy, biofuel, and biochemical projects.
Jordan Solomon can be reached at jordan.solomon@ecostrat.com.
For more information on Ecostrat, visit the company’s website at www.ecostrat.com/standards.