New Frontier also signed a memorandum of understanding with Johnson Rice & Co., the oldest independent energy investment bank in the U.S., under which New Frontier will be able to make use of the bank’s energy transition and capital markets expertise, as well as its underwriting capabilities and securities trading platform.Īnother Tailwater portfolio company, Frontier Carbon Solutions in the Rockies region, is exploring exciting CCUS on several fronts. “The low-hanging fruit in front of the industry is where there are highly concentrated emitters with potential sequestration nearby.”-David Cecere, Tailwater Capital The voluntary global decarbonization market is expected to reach as much as $100 billion by 2030. The platform is expected to become broadly available in the fourth quarter of 2022. In July, New Frontier Markets opened a proprietary blockchain marketplace for voluntary carbon offset credits. We have been separating and sequestering it for years, not particularly as a business model, but just to put on-spec gas into the system.” ‘Low-hanging Fruit’ “We tell our LPs all the time that the midstream has been in CCUS for a long time,” David Cecere, a partner with Tailwater Capital, told Hart Energy. All the new technology, however, is built on long experience. Tailwater Capital is investing in both the physical and financial infrastructure to support carbon capture, utilization and sequestration (CCUS). Meritorious Awards for Engineering Innovation (MEAs)īuilding on the midstream industry’s long experience in capturing and sequestering CO₂ Tailwater Capital portfolio companies are developing carbon-credit systems and pipelines while EnCap Flatrock Midstream companies eye “replumbing” opportunities.Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings. “Tailwater has the utmost confidence in the new leadership team, and we look forward to seeing the upgraded plant come to fruition as Blue Tide excels in this new chapter.Database of selected U.S. “The Blue Tide Environmental team has taken significant steps forward to reshape the strategic direction of the business, and the Company’s redesign and rebrand are a clear indication of Blue Tide’s commitment to this transformation,” said David Cecere, Partner at Tailwater Capital and Director at Blue Tide. “With an upgraded recycling plant and strong commitment to responsible operations, Blue Tide looks forward to meeting and exceeding the needs of our customers with the support of our partner Tailwater Capital.” “Today’s announcement signifies an exciting new chapter in our Company’s history and underscores our focus on creating environmentally-friendly solutions for the used motor oil industry,” said Mr. ![]() The redesign is scheduled to be completed in 2022. The plant’s location also has a barge dock that provides access to tanker markets along with easy access to rail/transload facilities. The plant will produce environmentally responsible low-sulfur vacuum gas oil as its primary product, with additional storage, logistics and processing infrastructure planned on the adjacent undeveloped land owned by Blue Tide. The team, with over a century of relevant experience, has been focused on the redesign of Blue Tide’s 4,500 barrel per day, state-of-the-art recycling plant which is located on a 44-acre site on Cedar Bayou. ![]() ![]() Blue Tide is a portfolio company of Tailwater Capital LLC, a private equity firm based in Dallas.īlue Tide is led by a team of industry veterans including Mark Bouldin as Chief Executive Officer, William Edwards as Chief Financial Officer, Stephen Lewis as Senior Vice President, Sales and Marketing and Chad Aldrich as Senior Vice President, Special Projects. The Company’s IMO 2020 compliant products offer environmentally-friendly blend components with a significantly reduced greenhouse gas footprint compared to virgin fossil fuels. Headquartered in Plano, Texas, Blue Tide produces high-quality, low-sulfur marine fuels derived from reclaimed used motor oil. Additionally, in an effort to underscore its commitment to responsible operations, the Company’s new leadership team has successfully rebranded the business as Blue Tide Environmental. Blue Tide Environmental, LP (“Blue Tide” or the “Company”), formerly TopSail Energy L.P., an environmental company focused on building and developing a network of used motor oil (“UMO”) recycling facilities across the U.S., today announced the redesign of its recycling plant in Baytown, Texas.
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