Marathon Petroleum Corporation is a prominent player in the petroleum industry, focusing on refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company operates through three main segments: Refining & Marketing, Retail, and Midstream. Its Refining & Marketing segment includes 16 refineries located in the West Coast, Gulf Coast, and Mid-Continent regions, with a total throughput capacity of 3 million barrels per day. This segment produces a variety of refined products, including transportation fuels, heavy fuel oil, and asphalt, and also manufactures chemicals such as aromatics and propane. The Retail segment, primarily branded as Speedway and ARCO, offers transportation fuels and convenience products through company-operated convenience stores and long-term supply contracts with independent dealers. The Midstream segment is responsible for transporting, storing, and distributing crude oil and refined products via an extensive network of pipelines, terminals, and barges. Founded in 1887 and headquartered in Findlay, Ohio, Marathon Petroleum also engages in the export of its refined products, contributing significantly to its operational scope across the U.S. and parts of Mexico.
ElectraLith specializes in the development of direct lithium extraction and refining technology aimed at enhancing the efficiency and sustainability of lithium production. The company's innovative approach utilizes electricity to extract and refine lithium, which allows for cost reductions for both brine and hard rock producers. This technology enables clients to achieve more economical lithium production from various feedstocks worldwide, thereby supporting the growing demand for lithium in energy storage and electric vehicle applications.
Blue Planet
Corporate Round in 2024
Blue Planet, Ltd. is a company focused on developing and commercializing innovative solutions for CO2 mitigation. Based in Los Gatos, California, it utilizes a biomimetic technology that transforms CO2 into carbonate rocks, which serve as an environmentally friendly alternative to natural limestone in concrete production. The company employs its Liquid Condensed Phase (LCP) Technology to convert CO2 from industrial flue gas into building materials, including coarse and fine aggregates, as well as CO2-sequestered and upcycled aggregates. This approach distinguishes Blue Planet from traditional carbon capture methods by eliminating the need for a costly purification process, making their system more efficient and economically viable. Founded in 2013, Blue Planet aims to provide sustainable solutions for projects that utilize carbon dioxide, contributing to the broader goals of reducing greenhouse gas emissions and promoting environmentally responsible construction practices.
Sapphire Technologies
Series B in 2023
Sapphire Technologies specializes in the development, manufacturing, and sale of energy recovery systems for industrial and commercial applications involving natural gas and hydrogen. The company’s innovative systems are engineered to convert waste energy generated during pressure reduction processes into electric power, all while ensuring that manufacturing and processing activities remain uninterrupted. By enabling businesses to recover this otherwise wasted pressure energy, Sapphire Technologies assists in maximizing plant efficiencies, enhancing productivity, and reducing carbon emissions. Additionally, their solutions help offset electrical costs and create cash flow opportunities for companies, contributing to more sustainable operations in the energy sector.
LF Bioenergy
Secondary Market in 2023
LF Bioenergy is a biotechnology company focused on producing renewable natural gas (RNG) through a network of production facilities. By partnering with dairy farmers, the company provides innovative infrastructure solutions that transform agricultural waste into RNG. This collaboration not only helps farmers enhance their profitability but also lowers manure management costs and contributes to significant reductions in greenhouse gas emissions. LF Bioenergy aims to support the agricultural sector in adopting sustainable practices while addressing environmental challenges.
Andeavor
Acquisition in 2018
Andeavor, headquartered in San Antonio, Texas, is an independent petroleum refining, logistics, and marketing company operating in the United States. It engages primarily in refining crude oil and other feedstocks into various transportation fuels, including gasoline, diesel, jet fuel, and other products such as heavy fuel oils and asphalt. The company operates a network of retail stations, selling gasoline and diesel fuel through both branded and unbranded channels. Andeavor's logistics segment is responsible for gathering and transporting crude oil via pipelines and trucks, managing significant storage capacity for crude oil and refined products. With a total of 10 refineries, Andeavor possesses a combined crude oil processing capacity of approximately 1,157 thousand barrels per day. Originally founded as Tesoro Corporation in 1968, the company rebranded as Andeavor in 2017 and has since operated as a subsidiary of Marathon Petroleum Corporation.
Felda Iffco
Acquisition in 2014
Felda Iffco is a joint venture established on December 13, 2006, between FELDA Global Ventures Holdings Sdn Bhd and IFFCO Holdings Ltd. This company specializes in palm oil processing and distribution, focusing on the production of various products such as cooking oil, ghee, shortenings, margarines, and specialty oils and fats. Felda Iffco operates refineries and provides logistical solutions for the distribution of palm oil and its derivatives. With its operations spanning across multiple countries including Malaysia, the UAE, Pakistan, and others, the company plays a significant role in the agro-based industry, leveraging its expertise to meet the growing demand for palm oil products in the Middle East and Africa.
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