Raven SR appoints Stuart McFarland to Board of Directors

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Jan 10, 2024, 08:03 ET

Former EVP Operations and CFO of Fannie Mae, CEO of GE Capital Asset Management and EVP and General Manager of GE Capital Mortgage Services joins company as it prepares to construct its California biomass to hydrogen fuel facility in 2024

PINEDALE, Wyo. , Jan. 10, 2024 /PRNewswire/ -- Raven SR Inc. (Raven), a renewable fuels company, announced today the appointment of Stuart A. McFarland to its Board of Directors, effective January 2024.

McFarland's appointment marks a significant addition to Raven SR's Board and leadership team. His deep financial expertise and management and strategic vision have been shaped by a career that includes his role as a Director of the Brookfield and OakTree Funds and executive roles at large financial institutions, including EVP and General Manager of GE Capital Mortgage Services, EVP Operations and CFO of Fannie Mae, leadership roles at several other closed and open end mutual funds, and as a director at several Fortress Investment managed companies.

The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels. Unlike other hydrogen production technologies, its Steam/CO₂ Reformation does not require fresh water as a feedstock and uses less than half the energy of electrolysis. The process is more efficient than conventional hydrogen production and can deliver fuel with low to negative carbon intensity.

"The world needs Raven SR's technology to reduce waste and emissions, and we need it now," said McFarland. "Its novel approach efficiently transforms waste materials and associate pollutants, including methane, into emissions-free fuels. As we enter 2024, the need for localized and renewable energy production is extremely important, and we have it right at our doorstep. I'm pleased to be joining Raven at this pivotal time for both the company and the global energy transition."

"We are pleased to welcome Stuart to Raven SR's Board," said Matt Murdock, CEO of Raven SR. "His exceptional insights and management experience, combined with proven financial acumen gained from his leadership roles at leading companies will be invaluable assets as we continue our journey to revolutionize renewable energy solutions."

McFarland's appointment further strengthens Raven's position as a leading force in waste-to-energy conversion as he joins a robust board with expertise from an array of sectors. His seat on the Raven SR board complements representatives from Chevron, Itochu Corporation, Ascent Funds, and Intellergy. McFarland exemplifies Raven SR's dedication to leveraging diverse expertise for sustainable energy innovation.

About Raven SR

Raven SR is a renewable fuels company whose proprietary Steam/CO2reforming process converts waste materials, solid and gaseous, into hydrogen and Fisher-Tropsch synthetic fuels, including sustainable aviation fuel (SAF) and renewable diesel with low to negative carbon intensity. Its non-combustion process reliably produces hydrogen-rich syngas regardless of the feedstock utilized. The Raven SR process does not use fresh water and is more efficient than both conventional hydrogen production and electrolysis. Raven SR's modular and scalable design allows emissions-free renewable fuels to be produced locally using local waste, and reduces greenhouse gas emissions, achieving a low-carbon economy. Visit https://ravensr.com/.

SOURCE Raven SR Inc.